Aug 3, 2017 @ 15:19<\/b><\/p>\n
Wahkohtowin Development LP announced Friday, July 27th, a $4 million equity investment with Hornepayne Lumber LP. These monies create an investment in the form of loans and grants for the Hornepayne Sawmill and Cogeneration Facility, now owned by Frank Dotorri.<\/p>\n
The\u00a0Northeast Superior Regional Chiefs Forum (NSRCF) is a political alliance between the communities of\u00a0Brunswick House First Nation, Chapleau Cree First Nation and Missanabie Cree First Nation.\u00a0Wahkohtowin is the Economic Development arm of that alliance. Over the past eight years, the NSRCF has been developing\u00a0a diversified Conservation Economy; research, strategic planning and brokering. This\u00a0cultural model of inclusion, participation and collaboration is focused on the environmental, economical, social and cultural priorities of the participating First Nations.<\/p>\n
Their first opportunity arose\u00a0when the Haavaldsrud Sawmill in Hornepayne ceased operating in December of 2015, followed by a court-ordered bankruptcy sale, and subsequent purchase by Frank Dottori, who also owns White River Forest Products.\u00a0This change in ownership of the mill facility, combined with a provincial forest tenure review process, created a unique opportunity for consultation with affected First Nation\u2019s, and\u00a0Wahkohtowin.<\/p>\n
A binding Memorandum of Agreement (MOA)\u00a0will\u00a0form an equity position in both the mill and co-gen assets. Frank Dottori is the main principal investor and has been instrumental in bringing the mill and co-gen back to life and operating stability.\u00a0Within the MOA a number of additional economic opportunities exist in the areas of contract services and the formation of an Economic Diversification Trust Account.<\/p>\n
This Regional Development Corporation model has been designed to invite and increase participation of other affected communities. This philosophy is related directly to the name Wahkohtowin\u00a0(\u140a\u1427\u1426\u146f\u1426\u1450\u1403\u1427\u1423<\/span>), which is Cree, meaning “kinship beyond the immediate family, the state of being related to others.”.\u00a0Pic Mobert First Nation is also moving through the process of making commitments based on the work of the Wahkohtowin Development LP.<\/p>\n Wahkohtowin Development LP includes a shareholder structure that supports joint First Nation-municipal partnerships and efforts are ongoing to engage the communities of Wawa, Chapleau and Dubreuilville in related opportunities.<\/p>\n","protected":false},"excerpt":{"rendered":" Aug 3, 2017 @ 15:19 Wahkohtowin Development LP announced Friday, July 27th, a $4 million equity investment with Hornepayne Lumber LP. These monies create an investment in the form of loans and grants for the Hornepayne Sawmill and Cogeneration Facility, now owned by Frank Dotorri. The\u00a0Northeast Superior Regional Chiefs Forum (NSRCF) is a political alliance …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[711],"class_list":["post-5450","post","type-post","status-publish","format-standard","hentry","category-local","tag-wahkohtowin-development-lp"],"publishpress_future_action":{"enabled":false,"date":"2026-04-21 20:36:08","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/posts\/5450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/comments?post=5450"}],"version-history":[{"count":2,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/posts\/5450\/revisions"}],"predecessor-version":[{"id":5474,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/posts\/5450\/revisions\/5474"}],"wp:attachment":[{"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/media?parent=5450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/categories?post=5450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/tags?post=5450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}