The cost of the acquisition hasn’t been reported. The First Nation and PwC didn’t immediately respond to phone or email requests for comment on Monday.
The court decision, first reported by the CBC on Sunday, approved the sale of the mine’s assets including the mill and water treatment building, and gave the go-ahead for a second transaction involving mineral claims, licences and permits.
If the sale goes through it “would be the first Indigenous owned mine as far as I know,” Heather Exner-Pirot, senior fellow and director of Natural Resources, Energy and Environment at the Ottawa-based Macdonald-Laurier Institute, declared on X, formerly known as Twitter.
‘Unprecedented’ ownership
“It’s an evolution in ownership for Indigenous communities,” says John Desjarlais, the Saskatchewan-based executive director of the Indigenous Resource Network. “I’m excited to see Indigenous communities exploring the opportunity…
