Several Ontario First Nations are set to become owners of a new nuclear reactor after striking a commercial partnership with the federal and provincial governments.
Ottawa and Ontario are providing loan guarantees of $700 million to the seven Williams Treaties First Nations east of Toronto that will turn into equity for one of the four small modular reactors that are being built at the Darlington New Nuclear Project in Bowmanville, Ont., by Ontario Power Generation.
Energy and Mines Minister Stephen Lecce says this is the first equity partnership with First Nations in a nuclear reactor in Canada.