Expansion: Clearwater Midstream Assets - Alberta Indigenous Opportunities Corporation

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September 2024, the Wapiscanis Waseskwan Nipiy Limited Partnership expanded to include additional assets and to include Bigstone Cree Nation as an investor. AIOC provided an additional $45 million loan guarantee for financing an 85% equity investment in an additional $51 million of oil and gas midstream infrastructure in the Clearwater play in Northern Alberta.

Details of the initial investment may be found on our website here.

$45 Million loan guarantee

Location

Clearwater, Northern Alberta

Date Completed

September 2024

Indigenous Community Partners

Bigstone Cree Nation

Project Partners

Tamarack Valley Energy

“The Bigstone leadership and our supporting team are excited and proud to be part of this historical partnership with WWN and Tamarack. As we lead our nation towards the shared vision, the support and alliance with AIOC is the epitome of financial transactions that puts First Nations and the Industry on the path toward improved relationships. We continue to support our nation in economic opportunities while enhancing the relationships we develop along the way. It is time we continue to work and grow not only as a nation but as economic business partners. Our partnership with WWN is one example that ensures the future of Bigstone will be successful in regional development with industry.”

Chief Andy Alook Bigstone Cree Nation