US EditionFirst Nations partnership to buy B.C. port terminal that moves critical minerals
The partnership aims to enhance economic growth, self-determination, and regional development by consolidating port operations and trucking to move over 260,000 tonnes of minerals annually.
- The Nisga'a and Tahltan Nations, together with Arrow Transportation Systems Inc., have established Portland Canal Holdings Limited Partnership to jointly acquire Stewart Bulk Terminals located in northwest British Columbia.
- The partnership was established to enhance the transportation of critical minerals, as northwest B.C. hosts more than half of the region’s exploration and mining activities and requires upgraded infrastructure.
- The deep-sea port terminal is functioning at half of its maximum capacity and processes roughly 260,000 tonnes of concentrate containing copper and gold each year, supported by a staff of six full-time workers.
- Tahltan Central Government President Kerry Carlick said, "Together, we are making history," and highlighted the acquisition will drive growth and strengthen self-determination.
- The acquisition is anticipated to finalize within the next few months, bringing opportunities for economic expansion, job creation, progress in reconciliation, and increased export capabilities within British Columbia's resource sector.
42 Articles
42 Articles
Two Canadian First Nations Buy Strategic Mining Port Terminal
In a first-of-its-kind transaction for Canada’s British Columbia Province, two First Nations have formed a partnership with a Canadian logistics company and will acquire the Port of Stewart Bulk Terminal located in northwestern British Columbia along the U.S.-Canada border. It comes as there is an increasing push to tap Canada’s minerals and resources for economic advancement. "This isn't just about us purchasing the first Indigenous majority-ow…
Bradford Today
First Nations 'making history' to buy B.C. port terminal that moves critical minerals
Two First Nations have formed a joint partnership with a transport company to purchase the Port of Stewart bulk terminal on the Portland Canal that separates British Columbia and Alaska.
First Nations partnership to buy northern BC port terminal that moves critical minerals
The Nisga'a and Tahltan nations and Arrow Transportation Systems said Monday in a joint statement that the deal to buy Stewart Bulk Terminals Ltd., which owns and operates the facility in Stewart, BC, is expected to close in the coming months.
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