Parties
Company
Suncor
Company
Fort McKay First Nation
Fort McKay First Nation (FMFN) and Suncor Energy announced the signing of a Memorandum of Understanding (MOU) to explore a potential oil sands lease development on FMFN reserve lands in Alberta's Regional Municipality of Wood Buffalo.
This agreement allows Suncor to conduct early-stage technical and commercial feasibility assessments to determine the quality and quantity of economically recoverable mineable ore on Lease 174C, situated within FMFN's reserve territory.
This MOU represents a significant step in Suncor's journey of reconciliation and commitment to achieving net-zero emissions from its operations by 2050.
Deal Type
Joint VentureIndustry
MiningTransaction
Undisclosed/ConfidentialDeal Status
ActiveClosing Date