HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Babjak1

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watay phase 2

posted on Aug 10, 2018 01:47PM

Here's my question regarding phase II for this watay power project.

Since watay power LP will be majority owned by FN's(51%) and Fortis Inc. (49%), my question is..outside of the FN's themselves...who will be the other customers... for the power??

How will the FN's and Fortis Inc. make money or pay for the maintenance cost of this transmission company??

"The communities are spread across a large area north of Pickle Lake and Red Lake, most of whom lack all season roads"

If most lack all season roads ..then how do you attract businesses or make money?

I thought Fortis must be nuts to do this...but then..when I look at Blackrock's Utility index Ishares...Fortis Inc is their largest holding...so I guess they know something we don't.

https://www.blackrock.com/ca/individual/en/literature/fact-sheet/xut-ishares-s-p-tsx-capped-utilities-index-etf-fund-fact-sheet-en-ca.pdf?switchLocale=y&siteEntryPassthrough=true

Wataynikaneyap Power L.P. is a licensed transmission company majority owned by First Nations. The First Nations ownership interest is equally owned by 22 First Nation communities, and a minority interest in the partnership is owned by Fortis Inc. The Wataynikaneyap Transmission Project Phase 2 (the Project) includes approximately 1,500 km of 115 kV, 44 kV and 25 kV transmission lines and associated facilities for subsystems north of Pickle Lake and Red Lake that will connect 17 remote First Nation communities currently powered by diesel generation, to the provincial electrical grid. Figure 1 identifies the Project location and transmission and alternative corridors. The Project has been identified as one of the priority projects in Ontario’s Long Term Energy Plan, and Wataynikaneyap has been selected as the designated transmitter to connect communities. Wataynikaneyap’s principal purpose is to provide safe, accessible and clean electrical power to remote First Nation communities and to decrease the reliance on diesel‐powered energy generation which, consequently, will provide environmental, economic, social, quality‐of‐life and health benefits.

http://www.wataypower.ca/project/phase-2

http://www.ibftoday.ca/wataynikaneyap-power-notice-of-opportunity-to-review-draft-esr-for-phase-2-connecting-17-remote-first-nation-communities/

Wataynikaneyap Power: Notice of Opportunity to Review Draft ESR for Phase 2 – Connecting 17 Remote First Nation Communities

Press Release

August 1, 2018

Wataynikaneyap has prepared a Draft Environmental Study Report (ESR) for the Phase 2 Connecting 17 Remote First Nation Communities Project. Wataynikaneyap is seeking comments on the draft ESR and August 2 marks the start of the 30 day review period. Members of Aboriginal communities and groups, the public, and agencies, are encouraged to actively participate in the review of the draft report. The comment period will end on September 14, 2018.

The Draft ESR is available for viewing at the viewing locations listed below (during regular business hours) and can also be downloaded at this http://www.wataypower.ca/project/phase-2

Ministry of Natural Resources and Forestry – Red Lake and Sioux Lookout District Offices
‍Red Lake Municipal Office
‍Pickle Lake Municipal Office
‍Windigo First Nations Council Office
‍Shibogama First Nations Council Office
‍Keewaytinook Okimakanak Northern Chiefs Council – Dryden office

Band offices of the following communities:

Bearskin Lake First Nation
Cat Lake First Nation
Deer Lake First Nation
Eabametoong First Nation
Kasabonika Lake First Nation
Keewaywin First Nation
Kingfisher Lake First Nation
Kitchenuhmaykoosib Inninuwug
Lac Seul First Nation
McDowell Lake First Nation
Marten Falls First Nation
Mishkeegogamang First Nation
Muskrat Dam First Nation
Neskantaga First Nation
Nibinamik First Nation
North Caribou Lake First Nation
North Spirit Lake First Nation
Pikangikum First Nation
Poplar Hill First Nation
Sachigo Lake First Nation
Sandy Lake First Nation
Slate Falls Nation
Wabauskang First Nation
Wapekeka First Nation
Wawakapewin First Nation
Webequie First Nation
Wunnumin Lake First Nation

The notices below provide information on how the Draft ESR will be advertised in communities. Interested parties are invited to attend Public Open Houses on August 14 in Red Lake and August 16 in Pickle Lake where the Draft ESR can be reviewed and comments can be provided – full details including venues and times, can be found in the notices below.

Phase 2: Draft ESR Combined PIC ESR Notice Submission (English)
Phase 2: Draft ESR Combined PIC ESR Notice Submission (OjiCree)
Phase 2: Draft ESR Combined PIC ESR Notice Submission (Ojibway)

IBF4