News Summary

In a landmark transaction, the Nisga’a Nation and Tahltan Nation Development Limited Partnership have teamed up with Arrow Transportation Systems Inc. to acquire the Port of Stewart Bulk Terminal in northwestern British Columbia. This strategic acquisition aims to facilitate the transportation of critical minerals such as copper concentrate from mines like Newmont’s Brucejack and Red Chris, located in the territories of the Nisga’a and Tahltan Nations. The partnership formed a joint venture known as the Portland Canal Holdings Limited Partnership to manage the terminal. The Government of British Columbia has supported this initiative with a C$5 million grant, emphasizing the project’s significance in enhancing market access and economic growth for the First Nations and Canada. Additionally, the acquisition includes plans to launch a new transportation business by merging regional trucking operations.