The Klahoose First Nation on Cortes Island is cementing its position in the coastal forestry industry with the purchase of tenure from Interfor (TSX:IFP).
The coastal First Nation today announced it has signed an agreement to buy tenure from Interfor that represents 181,036 cubic metres of annual allowable cut (AAC).
When added to the Klahoose’s existing tenure of 115,000 cubic metres, the Interfor tenure will give the nation nearly 300,000 cubic metres in AAC, and makes the Klahoose one of the largest First Nation tenure holders in B.C.
“Klahoose is embarking on a sustainable journey, creating a circular economy through our forestry initiatives,” said Klahoose Chief Steven Brown.
“Timber from our tenures will be processed at the Klahoose mill and utilized in constructing cabins at our resorts. This integrated approach—from logging and milling to construction and tourism—generates employment for Klahoose members, keeps profits within our community and benefits the entire region’s economy.”
The Klahoose are currently investing in a refit of its community sawmill.