One Sky Forest Products Ltd plans OSB plant in Prince Albert, Saskatchewan
12 Saskatchewan First Nations are partners in the $ 250M project
– Brian Fehr, Founder of One Sky and Chairman of the Board
PRINCE ALBERT, SASKATCHEWAN, CANADA, September 8, 2021 /EINPresswire.com/ – One Sky Forest Products Ltd. (One Sky), in collaboration with its Indigenous partners, is moving forward with the development of a commodity oriented strand board (OSB) facility in Prince Albert, Saskatchewan.
“We are extremely pleased with Minister Bronwyn Eyre’s announcement today to award One Sky Forests Products and our partners with the necessary fiber concessions to move our project forward,” said Brian Fehr, Founder and President. of the One Sky Board of Directors. âWe have been working with our Saskatchewan investors and First Nations partners for over a year to get to this and we look forward to moving on to the next phase of project development. We thank the Government of Saskatchewan and look forward to developing this important project for Prince Albert, our First Nations partners and the people of Saskatchewan.
One Sky brought together experts recognized nationally for their leadership in the forest industry. One of the goals of the project is to have significant equity investment and ownership by Aboriginal communities in Saskatchewan. Current partners are Peak Renewables Ltd., local investors and twelve First Nations represented by Montreal Lake Business Ventures, Meadow Lake Tribal Council with Big River First Nation and Wahpeton Dakota Developments. The company also sources fiber through agreements with First Nations and other forestry companies located in the Prince Albert area.
âMontreal Lake Business Ventures has been involved in this process from the start, and we are very happy with today’s announcement,â said Robert Fincati, CEO of Montreal Lake Business Ventures. âThis OSB installation will bring enormous economic benefits to the community and will be a major employer, not only for Montreal Lake, but for all the Aboriginal communities in the region. This is a very exciting milestone in our history, and we look forward to working with our partners to get things done. “
Located near the dense and productive forests of Prince Albert, Saskatchewan, the company is well positioned to meet global market demands through strategic partnerships, competitive pricing and optimization of forest land. The new OSB installation will be strategically located in relation to the main OSB markets and will have excellent rail and road infrastructure. The One Sky OSB product will be the most environmentally friendly product on the market. The new facility will provide approximately 700 jobs in the forestry sector with the priority of hiring a predominantly Indigenous workforce.
âAs an investor in the installation of One Sky Forest Products OSB, Wahpeton Dakota Developments looks forward to helping create new jobs and new business opportunities in the Prince Albert area,â said Cy Standing, President by Wahpeton Dakota Developments. âWe are excited to invest in a facility that will create additional economic opportunities for Saskatchewan as it produces a sustainable product that is in demand locally, nationally and internationally.
âThe installation of One Sky Forest Products OSB represents a significant opportunity for Aboriginal ownership, participation and employment in a stable manufacturing business in Saskatchewan,â said Tribal Chief Richard Ben, Meadow Lake Tribal Council. âThe Meadow Lake Tribal Council is pleased to participate in this strategic growth of the forest industry. This represents a unique opportunity for the Aboriginal ownership of the 12 Saskatchewan First Nations who are currently vested.
The start-up of the OSB facility is scheduled for 2023 and the start of construction is scheduled for the third quarter of 2022. The project is a ready-to-go green initiative that can create jobs during and after COVID. Procurement opportunities for businesses in the region will be available during construction as well as during the continued operation of the OSB installation.
âThis unique project and opportunity for Indigenous property will translate into long-term benefits for partner First Nations communities,â said Chief Jack Rayne, Big River First Nation. âFor the Big River First Nation, the opportunity to own a mill is the obvious next step on the path to creating economic benefits for our community. The Big River First Nation is confident that this partnership will increase productivity in our province and contribute to local economies. It is a big step forward. “
For more information, visit www.oneskyforestproducts.com.
Contact One Sky Forest Products:
Erik Munck, Vice-President, Projects One Sky Forest Products
Email: [email protected]
One Sky Forests Products Ltd. is a privately held Saskatchewan company formed to build and operate the One Sky Oriented Strand Board plant in Prince Albert, Saskatchewan. This is a partnership between Peak Renewables Ltd. (including Brian Fehr and his experienced industrial management team) and some local investors including Montreal Lake Business Ventures, Meadow Lake Tribal Council with Big River First Nation and Wahpeton Dakota Developments. The company also sources fiber from other First Nations located near Prince Albert.
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