DEEP Earth Energy Production Corp. (DEEP) has signed an MoU with the Saskatchewan First Nations Natural Resource Centre of Excellence to establish a framework for First Nation investment in DEEP’s geothermal power project.
The collaboration represents a significant milestone in advancing sustainable energy solutions in the Canadian province while helping to foster economic opportunities for First Nation communities. The Centre, which will support the economic development of Saskatchewan’s 74 First Nations, will work with DEEP to enable First Nation investment and participation within the project.
The key objectives outlined within the MoU include:
- Development of a financial framework – the partnership will explore and promote investment opportunities for First Nation communities in the geothermal project and ensure equitable economic participation.
- Facilitate investment – DEEP and The Centre will provide resources, information and training programmes to support First Nation communities in their investment journey
- Promote sustainable development – the collaboration will integrate sustainable practices into the project’s design and operation while exploring additional economic opportunities.
Kirsten Marcia, President and CEO of DEEP, said, “This MoU represents an important step toward reconciliation and economic empowerment of First Nation communities. Through this collaboration, we are creating opportunities for First Nations to participate in and benefit from the development of renewable energy and sustainable business ventures.”
Sheldon Wuttunee, President and CEO of The Centre, added, “This partnership aligns with our mission to drive economic development for First Nations in Saskatchewan. By working together, we can unlock new opportunities in clean energy and sustainability that will benefit our communities for generations.”