Over $29-million will be invested by Yellow Quill First Nation in order to enhance economic development, training and job opportunities for its people.
The investment is a result of the band’s Treaty Land Entitlement Framework Agreement settlement.
In 1993 the Yellow Quill First Nation settled its outstanding treaty land claim through the Saskatchewan Treaty Land Entitlement Framework Agreement. Under the agreement, Yellow Quill First Nation was to receive over $29-million in compensation for lands the First Nation was supposed to receive under treaty more than 130 years ago.
Under the agreement, Yellow Quill First Nation completed a selection of less than 17-thousand acres of land to be converted to reserve land. The remainder of its settlement monies will be used in economic development, investment and job opportunities for its band members.
The TLE agreement allows First Nations to choose select crown lands as part of this settlement, with the lands being converted to reserve land. The agreement also allows a certain amount of the TLE funds to be used for economic development purposes.
Similar investments will also go towards the First Nations Band Building in Saskatoon. The financial institution is owned and managed by Yellow Quill First Nations and is home to some of Saskatchewan’s biggest resource companies and the First Nation Bank of Canada.
“Major economic development and investment initiatives that will result in not only training and job opportunities, but greatly enhance the quality of life for our people,” says Chief Cachene of Yellow Quill.
Yellow Quill First Nation is currently building partnerships with industry and government focused on investment, training, and job opportunities.
Yellow Quill First Nation is approximately 250 km east of Saskatoon.
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