Wikwemikong is interested in exploring opportunities in the aquaculture sector. As an Unceded Indian Reserve, Wikwemikong exerts jurisdiction over territorial waters. This presentation outlines the due diligence process, the regulatory authority and steps the First Nation took to foster proposed opportunities for private sector to work with the First Nation.
For Wikwemikong, with 220 kms of shoreline, geographically located within an area of a number successful fish farms, it would make sense to explore further sites. Wikwemikong is open for business, and is open to companies that may wish to take an interest in locating to eastern peninsula of Manitoulin Island.
Wikwemikong aspires for participation in the economic sector and any development that occurs mirrors sustainability principles of concern for not only the financial viability of the business, but society and environment. Our primary driver is for employment creation and exploring opportunities in the supply chain. We have a site, the labour pool and predevelopment activities that may interest private sector businesses in aquaculture.
The studies and projections done to date suggest the recommended site has capacity for a large scale commercial development. With existing farms in the area, it logically resolved that there could be further exploration at opportunities in the entire supply chain.
The community has positioned itself to enter into meaningful discussions with private sector companies wishing to expand, invest, and locate within our area, authorized by the First Nation. To date, the community has completed a shoreline assessment, collection of water temperature data over 2 summer fall seasons, a feasibility study and business plan. The community is in the process of completing capacity development and training plan of members to conclude the environmental baseline study. An environmental impact assessment on the site is close to completion. This community is positioned to initiate meaningful discussions with industry looking to work with the First Nation.