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First Nations, Saturn Minerals join to form exploration company
Fishing Lake First Nation, Kinistin Saulteaux Nation, the Key First Nation and Yellowquill First Nation have joined with Saturn Minerals Inc. to form Inowending Exploration & Development Corp. Inowending is a private company based in Saskatoon and will pursue the economic development of various natural resource exploration and development projects that display commercial promise. Saturn has agreed to provide initial financial and management support to foster and incubate Inowending for up to two years in exchange for a strategic ownership stake in the new company. As a First Nations exploration and development company, Inowending will complete assessments of, negotiation for, acquisition of, consultation over and partnerships in exploration and development projects. Saturn will provide technical, administrative and corporate guidance to Inowending.
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