Fednor funds Matawa, Muskrat Dam

Create: 12/01/2015 - 19:39

Matawa First Nations Management and Muskrat Dam are receiving funding for resource development opportunities.
“FedNor is investing in CFDCs (Community Futures Development Corporations) and area First Nations to provide them with the tools they need to strengthen the economy,” said Tony Clement, Minister of Industry and Minister responsible for FedNor during an Aug. 30 announcement in Red Lake.
The $216,032 investment in Matawa First Nations Management will be used to hire a mining advisor to help its nine member communities to capitalize on mining opportunities in their respective territories.
Muskrat Dam will use its $25,000 investment to assist with a feasibility study for the development of a run-of-the-river hydro development project near the community at Windigo Falls.
The focus of the Muskrat Dam project will be on assessing the business aspects of the project including financial modeling, capital cost estimates and the review of current diesel operations.
“These targeted contributions will address specific community needs, which will pave the way for growth,” said Kenora MP Greg Rickford. “By investing in small business, youth and strategic planning, the government of Canada is helping to strengthen the regional economy and build a brighter future for all.”