Native American Resource Partners establishes treaty land entitlement partnership to pursue natural resource development with the Kawacatoose First Nation
Kawacatoose Energy Company aims to develop the First Nation’s land and mineral resource projects.
Private investment and development firm Native American Resource Partners, which specializes in structuring, financing, and implementation of natural resource projects with First Nation, Tribal, and Aboriginal partners, announced recently its partnership with the Kawacatoose First Nation of Saskatchewan, Canada, to create Kawacatoose Energy Company to pursue the development of resource projects on lands and minerals secured by the Nation through the Saskatchewan Treaty Land Entitlement program.
“First Nations in the province have long been resource rich but limited with respect to access to development capital. We are excited to have a direct link to a capital provider like NARP. NARP has demonstrated a diligent focus on working with First Nations to understand our needs and developing our natural resources in a way which puts First Nations on a path towards financial self-reliance,” explains Kawacatoose First Nation Chief Darin Poorman. “Their resume includes building billions in value for Tribal Nations in the United States. We look forward to working with them on evaluating and developing natural resources through the TLE program.”
“NARP and its leadership team are excited about initiating this partnership with Kawacatoose here in Saskatchewan. For the past two years we have dedicated ourselves to researching projects, understanding the investment landscape, and getting acquainted with Saskatchewan First Nations interested in pursuing resource opportunities such as oil & gas development,” says Native American Chief Executive Officer John Jurrius. “NARP took the time to study the complexities of the TLE program to create a financial product which allows First Nations to secure needed funds enabling the Nations to expand the utilization of their rights provided under the 1992 Saskatchewan Treaty Land Entitlement Framework Agreement.”
“While First Nations have been provided the right to acquire additional acreage, the government funding for the program has been insufficient to allow them to fulfill their acreage allocation. We’re confident that the structure we’ve developed provides a solution for Kawacatoose and other First Nations to utilize their TLE allocation,” adds Jurrius.
Kawacatoose helped Native America create a structure which will benefit all First Nations with a TLE allocation. Native America personnel are currently working with select bands in Saskatchewan to create similar partnerships for the purpose of providing capital to pursue TLE-based resource development projects.
Native America established a corporate presence in Saskatoon over a year ago. In order to best serve Kawacatoose and other First Nations interested in doing resource development in Canada, the firm has established offices in Saskatoon, SK and Calgary, AB. Prior to this transaction with Kawacatoose, Native America entered into a partnership with the Blood Tribe of southern Alberta by creating Kainai Energy and establishing a capital commitment of $100 million to the company for oil and gas development operations on and around the Blood Tribe’s reserve lands.
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