Huu-ay-aht First Nations and Western Forest Products Inc. (TSX: WEF) announce that they are working together to explore potential alternative ownership structures in Huu-ay-aht’s traditional territories pursuant to the Reconciliation Protocol Agreement. This collaborative effort may also involve other First Nations with traditional territories in the Alberni Valley over the next several years. Western and Huu-ay-aht both strongly believe that working together will benefit the community, region and forestry sector.
The shared vision of Huu-ay-aht and Western includes a framework for reconciliation and revitalization of the Alberni Valley forest sector. The framework includes increased participation of area First Nations through tenure ownership, employment and business opportunities, sustained domestic manufacturing, increased training and jobs, effective marketing and valued-added product innovation, and strong environmental stewardship.