WEBVTT

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Welcome to Drumbeats, the must -listen -to podcast

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which explains why Indigenous partnerships are

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the key to securing successful outcomes in natural

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resource and infrastructure investment in Canada.

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I'm Mark McNack and my co -host Robert Brandt

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and I are joined today by Sean Willey, President

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and CEO of Desnetti Group, with operations that

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include potash mines, nuclear facilities like

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Bruce Power and Port Hope, and even 200 ,000

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acres of mineral rights. South of the border

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in West Virginia in the USA, Desnetti is redefining

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Indigenous -led business success on a global

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scale. Numerous partnerships include core construction

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firms handling mechanical, electrical, civil,

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and road work also enhance their portfolio. The

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group demonstrates their commitment to managing

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natural resource opportunities and helping First

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Nations like English River progress by diversifying

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economically. Sean Willey, President and CEO

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of Desnetti. group. And I was struggling. You

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wear so many hats. I wasn't sure which title

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to introduce you by. That's the best one. Okay.

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Well, it's great to have you back in London.

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And thank you for stopping by the studio and

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having a chat with us. Thanks for having me,

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Rob. Thanks for having me, Mark. Great to have

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you back again. Sean, where are you? Might want

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to start by a bit of your personal background.

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Where are you from? And how did you get to the

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role you're playing today? Well, I was born in

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Inuvik, Northwest Territories. We didn't live

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there. I got flown in. My mom, who's a Dene woman

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from her family, is a Mercury family. So Mercury's

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run the cabinet in northern Saskatchewan, northern

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Alberta, Northwest Territories. Her family's

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from Fort Resolution, Deneuquay First Nation.

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And my dad is from a small town in Saskatchewan

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called Turtleford. And he came up to the Northwest

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Territories and they met in Yellowknife. And

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then they ended up in a small settlement called

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Fort McPherson, which is in Gwich 'in country.

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That's where I was born, but in Inuvik Hospital.

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And then they moved us around. My dad was part

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of the resource wildlife and economic development

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departments of the government of Northwest Territories.

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So then we moved around what's now Nunavut, back

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to Yellowknife. So I spent a lot of time in Northwest

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Territories. Then I started getting mining jobs

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with the gold mines in Northwest Territories.

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And they were all geared towards, you know, Northwest

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Territories was doing a lot of proactive work

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on hiring Indigenous kids. And this is mid -90s.

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And so once, you know, I worked at the Lupin

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gold mine in Nunavut. I worked at the Colomac

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gold mine. And what kind of work would you be

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doing? Just entry -level labor work. Yeah. Right?

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And then your apprenticeship. But once you start

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doing that and you start, oh, two weeks in, two

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weeks out, you're making good money, then that's

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what you want to do. You want to do resource

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work. So I was lucky enough then to get a job

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with Divec Diamond Mines, which was owned by

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Rio Tinto. And Rio Tinto wanted to build the

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second diamond mine in the country. And I got

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tasked with going out to all of communities.

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So within Treaty 8, Treaty 10, Clicho, Young

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Lives Dene. So when you say, for our UK audience,

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Treaty 8, Treaty 10, can you explain? Well, that's

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the number of treaties that the Crown had signed

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with Indigenous people, sort of to, after the

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Royal Proclamation, to sort of tie up the land

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on the Western Front. And the Royal Proclamation

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was 1763. And that was the crowned king at the

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time. I forget which king now. I'm thinking George

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III. King George III. Yeah, Mad King George.

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The Royal Proclamation, which is a bit of a bill

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of rights for Indigenous people in Canada, that

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the first declaration, as presumptuous as it

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was for the king to lay out what he thought considered

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to be, uh, the rights of indigenous people in

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Canada. Uh, and then flowing from that, there

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were treaties and, uh. So each treaty, you can

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almost, so Treaty 10, there's a tie towards oil

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and gas up in the Norman Wells area. So it was,

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you know, Treaty 8, which is home to a lot of

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the Dene communities. Um, it's Treaty 11 up in

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Northwest Territory as well. So I got to work

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with, I interviewed over 4 ,000 people in communities.

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I, you know, I was. knew everybody, uh, who wanted

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a job to come to Dyvik. Like the diamond mines

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were game changers. And the fact that we're so

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aggressive, we wanted to staff up indigenous

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jobs, opportunities, training, employment. And

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secondly, we wanted to create strong businesses.

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So we did a lot of work on indigenous businesses

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with the Clicho, the Alnates Dene, uh, the Katimi

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at Inuit, the Norse slave Metis and Rio Tinto.

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You know, I got to meet, it was at the time the,

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the, um, The CEO was Sir Robert Wilson and his

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Australian counterpart was Lee Clifford. And

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they came over for the opening and I got to sit

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and have supper with them. And they just released

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this, we've changed the game for Rio Tinto and

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our approach to working with indigenous people.

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And a lot of that was my father's work. He had

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done this in his previous life in the uranium

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mines in northern Saskatchewan, now done it up

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in Yellowknife. He left, I stayed up and spent

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10 years with Rio Tinto. I had to go get my education.

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So I'm a pragmatic individual. I wanted to get

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this, I wanted to build the second diamond in

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the country. We did that. And over 40 % indigenous

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employment. At the end of the day, $3 billion

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spent with local indigenous companies. Then I

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went to Saskatoon, finished my education and

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started working with a company called Chemical

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Corporation. And chemical corporation was at

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this time, the gold standard. It was the, you

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know, had strong indigenous participation. You

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had leaders there that fought to be at the table

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to, and it really set the Canadian model for

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indigenous inclusion. One where you saw indigenous

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people participating on the environmental planning,

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environmental monitoring, and then the reclamation

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decommissioning activities. Cameco today, I think

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are the largest employer of indigenous. Well,

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they've come down a bit since the uranium market

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has been in a challenge, I would say. Not the

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last couple of years, it's coming back and Cameco's

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coming back and that's what we're looking for,

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is that employment level to come back. So when

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COVID hit in the market, a community like English

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River, who I now work for, I've spent 10 years

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at Cameco, did a lot of great things there, you

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know, represent them on the world stage. Like

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it's, it's funny, Rob, when I worked for a diamond

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mining company. And he talked to people and,

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oh, diamonds, oh, that's sexy. But they really

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don't have any value, really, once or twice in

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their lives. But then you go to uranium, which

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is used for baseload electricity, clean electricity,

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and nobody wants to talk to you anymore. Nobody

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wants to talk to you, right? And so I got to

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go around the world. Both glow, no? Pardon me?

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Yeah, both glow, yeah, both glow, yeah. I got

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to go around the world for chemical meeting Indigenous

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people who had uranium on their lands. And what

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we did is we used the Northern Saskatchewan story.

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So I, you know, 30 plus times down in Australia

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and the Alpac to meet groups like the Mardu people,

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very traditional land users, and bringing them

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up to Northern Saskatchewan to show them what

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could be possible and like leave the room. You

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guys talk with our Indigenous leaders and they'll

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tell you the good, bad, and the ugly of resource

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development. But at the end of the day, it was

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all about, you need own source revenue to move

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your life forward, right? Our culture as indigenous

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people, poverty is stripping away that culture.

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And so what we really look to do is create role

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models between nations to talk about the challenges

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we all face from a socioeconomic point of view

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and how to build up. And so did that good at

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Cameco, saw English River, a Dennis Oudliné community,

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myself, Dennis Oudliné background, reclaimed

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my status. And just what English River built

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through Desneffe was a pragmatic, humble, very

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strong company, but they were too dependent on

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chemical. Sorry, just. Yeah. You said reclaim

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my status. Our UK listeners won't understand.

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So my mother is a First Nation woman. So when

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she, she was put into foster care, she became

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a ward of the state. And so then. her family,

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her mother had lost her status prior because

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she was a woman that married a Metis individual.

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And so it was just part of the Indian act of

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rules where women were looked as if you, if you

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married outside of your indigenous. or your First

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Nation communities and didn't marry another First

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Nation individual, you lose your status. So we

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had to go, there's been a number of legislations

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over the last, since 1984, I would say. I mean,

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of course, men could marry outside. As usual.

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Didn't matter. But women did, they lost their

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status, sometimes lost their right to even live

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on First Nations territory. Yeah, so you could

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have a First Nation. man marry a non -Indigenous

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woman and she would have then status benefits.

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Right. Whereas his sister could marry a non -Indigenous

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man and lose all her benefits. So my grandma

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fell into that class. My mom fell into that class.

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So we went through the process of reclaiming

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that. And so that's now. So you could reclaim

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that. That was because of change in the law?

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Yeah. Oh, okay. There was lots of pushback from

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Indigenous women throughout the country. And

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there was numerous laws that were put in place.

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And so I've reclaimed my status. I did not grow

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up in the community. I'm always open about that.

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I grew up outside the community because my mother

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did not grow up in the community. But I always

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listened to, I think that helped me. I really

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craved the stories of elders and listening to

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elders because I didn't get that opportunity

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growing up. So in Yellowknife, the communities,

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one thing English River was their elders. And

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they said, you know, they're very pragmatic in

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their approach of building business, being part

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of the discussion. And so they created Desnethé,

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which is the Dene word for great river, 40 plus

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years ago. And they created it to support the

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uranium industry, to provide jobs for their people,

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to create own source revenue. And meeting English

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River elders reminded me of the experience I

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had in Northwest Territories, where the communities

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were like, we need own source revenue. Hunting,

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fishing, trapping, that's gone. Um, we need to

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create our own source revenue so that we can

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support education. We do not want our next generations

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living in poverty. The land is sacred to us,

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but let's get involved with that. Let's make,

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let's, let's be sure we're part of the monitoring.

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Be sure we're part of the planning, but we can

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no longer have our young people live in poverty.

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And so both communities, uh, it was so similar

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that, you know, I would get in a good conversation

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with chief and council of English river and say,

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but you're too dependent on the uranium. How

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do you, how do you diversify away from the uranium?

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I said, you know, in 2011, you had the Fukushima,

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you know, the tidal wave, the tsunami come in

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and hit the power plant and. Changed nuclear.

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Exactly. And took the market out. And so you

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saw this coming and you sort of coached the nation

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and their elders and their leadership just said,

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okay, well. you're, you're indigenous. It's time

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you come back and work for an indigenous firm.

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Like quit working for these big companies, right?

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We need your help on our side. And, uh, I felt,

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yeah, that's, you know, working for big companies

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is safe. It's secure, but you're really a manager

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of a risk for that company. And it feels, it

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feels safe and secure, but in all honesty, when

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anybody works in a large organization, you feel

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you're part of this big organization and you

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don't seem to have to worry about where your

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paycheck will come. And then one day. Yes. You

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realize you're just a person in a big enterprise.

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Yeah. Right? So. Well, I wanted to give back.

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I had felt this entrepreneurialism in me and

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I had a vision and an idea about how to, I was,

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you know, JP Gladue was head of CCAB at the time.

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I was one of his co -chairs. So I saw this trajectory

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that indigenous business was on. I saw the court

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cases, but. I'm also a pragmatic individual.

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And I said, okay, we have all these court cases.

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I have a very progressive First Nation who's

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humble that wants to diversify and grow. How

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can we create a tier one business that happens

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to be Indigenous? And I just saw, I saw this

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opportunity there. And if we didn't adjust things

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a bit, and I'm thankful for all our leaders.

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Like every once in a while, I'll have, I'll watch

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a couple of those videos of. you know, constitutional

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talks when you get, when you get some of those,

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those like Jim Sinclair and Mary Simon, like

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at the end, they're pounding the table and I'm

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appreciative of those individuals that set the

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table for our generation. Now we just have to

00:13:18.870 --> 00:13:20.970
sort of take it up a notch, right? I was living

00:13:20.970 --> 00:13:22.950
in Ottawa at the time of some of those constitutional

00:13:22.950 --> 00:13:25.750
talks and my father ran a company that was, uh,

00:13:25.789 --> 00:13:29.500
filming. It was a North American. Indian Films

00:13:29.500 --> 00:13:31.159
Corporation, something like that at the time.

00:13:31.220 --> 00:13:34.919
So I had a contract filming. I got, as a young

00:13:34.919 --> 00:13:37.840
teenager, got to hang out in a lot of those big

00:13:37.840 --> 00:13:40.860
constitutional meetings and just sort of wander

00:13:40.860 --> 00:13:43.740
around. And it was, yeah, yeah, fascinating.

00:13:44.980 --> 00:13:50.399
And then later on, eventually, Meech Lake. Yeah,

00:13:50.399 --> 00:13:55.980
Meech Lake. And then Elijah Harper. Yeah, no.

00:13:57.860 --> 00:14:00.259
Loved it all. And it had an influence and impact

00:14:00.259 --> 00:14:02.259
on me growing up. Well, and I think we have to

00:14:02.259 --> 00:14:05.059
just up our game. So you guys set the table for

00:14:05.059 --> 00:14:07.559
us. How do we do that again? And so we wanted

00:14:07.559 --> 00:14:11.600
to create a business. And so English River, you

00:14:11.600 --> 00:14:14.120
know, use your rights and title to get that core

00:14:14.120 --> 00:14:17.440
business. So, you know, I've been CEO at Des

00:14:17.440 --> 00:14:20.820
Nathanael for eight years. Majority of that time

00:14:20.820 --> 00:14:23.379
has been in a market downturn. And so what we

00:14:23.379 --> 00:14:26.639
did was we went out and I've done a lot of work

00:14:26.639 --> 00:14:29.340
for Corporate Canada. I know a lot of Canadian

00:14:29.340 --> 00:14:32.379
CEOs. They want to do business with Indigenous

00:14:32.379 --> 00:14:36.080
companies, but they're very honest saying you

00:14:36.080 --> 00:14:38.220
have to match what our value proposition is at

00:14:38.220 --> 00:14:41.220
our company, right? And so we've done a good

00:14:41.220 --> 00:14:43.279
job at Desnet, a great job at Desnet. They're

00:14:43.279 --> 00:14:45.700
going out and finding companies to do mergers

00:14:45.700 --> 00:14:48.659
and acquisitions with, really indigenizing those

00:14:48.659 --> 00:14:52.440
companies. taking a 51 to 75 % stake in those

00:14:52.440 --> 00:14:54.940
companies, taking advantage of the procurement

00:14:54.940 --> 00:14:58.860
opportunities in front of us. A very good compliment

00:14:58.860 --> 00:15:00.600
that we get from Corporate Canada is that we're

00:15:00.600 --> 00:15:04.279
very strategically focused. We think about strategy

00:15:04.279 --> 00:15:07.980
over politics. We're not asking for a handout.

00:15:08.159 --> 00:15:11.759
We're asking for a hand up. But we're also trying

00:15:11.759 --> 00:15:14.879
to add value to everybody we're talking to. So

00:15:14.879 --> 00:15:17.460
what is, what today is in the Desnede portfolio?

00:15:19.120 --> 00:15:21.759
Oh, well, so you have your core group of construction

00:15:21.759 --> 00:15:24.080
companies. So we have both mechanical, piping,

00:15:24.159 --> 00:15:27.259
electrical. We also have civil earth moving companies.

00:15:27.940 --> 00:15:30.960
So right now we do, we have a five -year contract

00:15:30.960 --> 00:15:34.500
with the Department of Highways to do all the

00:15:34.500 --> 00:15:38.419
road work in Saskatchewan. So we do that with

00:15:38.419 --> 00:15:42.360
the province. We do work at potash mines. So

00:15:42.360 --> 00:15:45.580
we set up well -filled sites for in -situ leach

00:15:45.580 --> 00:15:50.299
on potash side. Um, Tron construction, uh, it

00:15:50.299 --> 00:15:52.059
was sort of the first company the nation ever

00:15:52.059 --> 00:15:55.759
bought is the only first nation company to work

00:15:55.759 --> 00:16:00.539
in, uh, uranium mining in the power, uh, generation

00:16:00.539 --> 00:16:02.539
sides. They've worked at Bruce power and they've

00:16:02.539 --> 00:16:05.639
also worked in the fuel fabrication side at Port

00:16:05.639 --> 00:16:07.740
Hope. So it's the only first nation company to

00:16:07.740 --> 00:16:11.039
work in the full stream of nuclear. Um, I was

00:16:11.039 --> 00:16:13.440
going to ask if your businesses are outside of

00:16:13.440 --> 00:16:17.850
Saskatchewan now and yeah. And only in. at the

00:16:17.850 --> 00:16:21.350
moment in Canada? No, one of the deals we just

00:16:21.350 --> 00:16:23.970
completed was a land, a mineral rights purchase

00:16:23.970 --> 00:16:28.210
deal with Weyerhaeuser in West Virginia. We own

00:16:28.210 --> 00:16:32.169
about 200 ,000 acres of mineral rights right

00:16:32.169 --> 00:16:34.490
in the Appalachians. It's full of metallurgical

00:16:34.490 --> 00:16:40.419
coal. And we bought that last September. People

00:16:40.419 --> 00:16:42.879
have said, well, we got into this deal as a minority

00:16:42.879 --> 00:16:45.519
partner and becoming like Weyerhaeuser, love

00:16:45.519 --> 00:16:48.360
the story. They love the ESG. Like I said, First

00:16:48.360 --> 00:16:50.159
Nation from Northern Canada coming down, like,

00:16:50.220 --> 00:16:53.100
how are you guys doing this? And we secured that

00:16:53.100 --> 00:16:56.039
in September last year. We refinanced it in January

00:16:56.039 --> 00:16:59.440
with strong support from our First Nations bank.

00:17:00.220 --> 00:17:05.389
And now it's growing in value because. President

00:17:05.389 --> 00:17:07.950
Trump is promoting resource development in the

00:17:07.950 --> 00:17:10.130
United States. And here you have metallurgical

00:17:10.130 --> 00:17:13.170
coal that's going up in value. You know, it's

00:17:13.170 --> 00:17:15.250
funny that we have 200 ,000 acres of mineral

00:17:15.250 --> 00:17:17.849
rights in West Virginia, but we have no mineral

00:17:17.849 --> 00:17:20.289
rights where the English River traditional lands

00:17:20.289 --> 00:17:23.130
are in Canada. So yeah, that's a bonus. And when

00:17:23.130 --> 00:17:25.430
you talk about metallurgical coal, because coal

00:17:25.430 --> 00:17:30.750
is in some places a dirty word, but what's different

00:17:30.750 --> 00:17:32.670
about metallurgical coal? Well, it's just used

00:17:32.670 --> 00:17:35.410
for the steel industry. And so, you know, we,

00:17:35.509 --> 00:17:37.549
we, we don't do any of the mining. We just hold

00:17:37.549 --> 00:17:39.069
the mineral rights. So we have a number of miners

00:17:39.069 --> 00:17:42.950
on the land, um, and, uh, upping their productions

00:17:42.950 --> 00:17:45.809
and selling it into different markets. Yeah.

00:17:45.869 --> 00:17:49.170
For all steel production. But we also have a,

00:17:49.210 --> 00:17:52.269
we've created a first ever partnership with Scotiabank

00:17:52.269 --> 00:17:57.329
on, um, in the debt capital markets game and

00:17:57.329 --> 00:18:00.259
Scotiabank has been an absolute. Gem to work

00:18:00.259 --> 00:18:02.000
with three years to create that partnership.

00:18:02.299 --> 00:18:04.279
That's with Cedar Leaf Capital. Cedar Leaf Capital.

00:18:04.299 --> 00:18:06.259
Something you spoke about at the summit. Yes.

00:18:06.279 --> 00:18:10.160
And we had two great partners. We have Rama First

00:18:10.160 --> 00:18:12.099
Nation and Squamish First Nation were partnered

00:18:12.099 --> 00:18:16.400
with there. We own a professional services company

00:18:16.400 --> 00:18:19.359
called Creative Fire, which is doing really a

00:18:19.359 --> 00:18:24.180
national work on just. Going beyond reconciliation

00:18:24.180 --> 00:18:26.619
action plans. Well, your colleague Terry Lynn

00:18:26.619 --> 00:18:29.380
was with us last year at the summit. Yes. At

00:18:29.380 --> 00:18:32.200
the first summit. So it's, you know, a large

00:18:32.200 --> 00:18:34.759
retail footprint. We run the largest gas station

00:18:34.759 --> 00:18:39.799
in the province. We have the only liquor, beer,

00:18:39.920 --> 00:18:42.579
and wine store on reserve in Saskatchewan. So

00:18:42.579 --> 00:18:46.900
the nation has done a lot of things first. One

00:18:46.900 --> 00:18:48.940
of the things they did first in Saskatchewan

00:18:48.940 --> 00:18:50.920
was they bought land adjacent to the city of

00:18:50.920 --> 00:18:53.539
Saskatoon. So for your listeners, Saskatoon is

00:18:53.539 --> 00:18:56.339
the largest city in Saskatchewan, growing very

00:18:56.339 --> 00:19:00.599
fast. Like the world wants the Saskatchewan resources.

00:19:01.160 --> 00:19:03.700
So Saskatoon is the beneficiary of that. So the

00:19:03.700 --> 00:19:06.859
nation bought land south of Saskatoon, perfect

00:19:06.859 --> 00:19:09.859
land. It's on the busiest highway in the province.

00:19:10.279 --> 00:19:16.000
We're in the highest per capita postal code in

00:19:16.000 --> 00:19:17.940
the province. It's the fastest growing area in

00:19:17.940 --> 00:19:19.539
the province. So they have this piece of land.

00:19:20.980 --> 00:19:23.759
Everybody's on what they call septic. They don't

00:19:23.759 --> 00:19:27.559
have sewage. So to develop our land, we needed

00:19:27.559 --> 00:19:30.400
to put in a utility. Who owned that land? Who

00:19:30.400 --> 00:19:32.960
was selling it? It was just landowners in Saskatchewan.

00:19:33.019 --> 00:19:36.160
So you guys decided to put it together or? Yeah,

00:19:36.200 --> 00:19:39.720
this was years ago. The nation through, because

00:19:39.720 --> 00:19:43.700
when they signed treaty, they allocated a number

00:19:43.700 --> 00:19:47.019
of acres per person that were there at treaty

00:19:47.019 --> 00:19:49.539
signing. But of course, not everybody was there

00:19:49.539 --> 00:19:51.279
at Treeside. Most of them were up on traveling

00:19:51.279 --> 00:19:53.079
and fishing. It was a nice summer day. So that's

00:19:53.079 --> 00:19:55.079
where they were up on the water. So only if they

00:19:55.079 --> 00:19:57.180
were physically there on that day. Yeah, that's

00:19:57.180 --> 00:19:58.339
how they calculated acres. So if they're out

00:19:58.339 --> 00:20:01.420
there hunting or fishing, too bad you were trying

00:20:01.420 --> 00:20:03.920
to feed your family on the wrong day. But then

00:20:03.920 --> 00:20:05.220
they went back and they said, okay, all these

00:20:05.220 --> 00:20:07.200
people were missing. And Saskatchewan was very

00:20:07.200 --> 00:20:09.140
progressive in that. Like the indigenous community

00:20:09.140 --> 00:20:11.339
has fought for a lot of, and so they fought for

00:20:11.339 --> 00:20:13.259
what they call treaty land entitlement. Yes.

00:20:13.380 --> 00:20:15.640
And so we got those acres back and the community

00:20:15.640 --> 00:20:18.339
was very. They bought this land for economic

00:20:18.339 --> 00:20:21.019
development purposes. And so in the last four

00:20:21.019 --> 00:20:23.880
years, we've built a utility, water and wastewater

00:20:23.880 --> 00:20:26.440
support our growth, but then our neighbor, so

00:20:26.440 --> 00:20:28.039
you have what they call a rural municipality

00:20:28.039 --> 00:20:30.839
and that's the fastest growing region. And they're

00:20:30.839 --> 00:20:33.180
like, hey, can you guys, you think you could

00:20:33.180 --> 00:20:37.339
service about 20 to 30 ,000 residents as this

00:20:37.339 --> 00:20:40.279
thing grows? And we're like, absolutely. So now

00:20:40.279 --> 00:20:42.359
we've partnered with EPCOR, a large Canadian

00:20:42.359 --> 00:20:46.240
utility company. to run these utilities, provide

00:20:46.240 --> 00:20:49.359
water, wastewater. But again, it gives, does

00:20:49.359 --> 00:20:51.779
nothing in the nation, a foundational revenue

00:20:51.779 --> 00:20:54.420
stream. Yes. And so one of the big things I was

00:20:54.420 --> 00:20:57.980
excited to come to the summit was we're looking

00:20:57.980 --> 00:21:01.259
for over a billion dollars, a partner, an investment

00:21:01.259 --> 00:21:03.819
partner to help develop what we're looking at

00:21:03.819 --> 00:21:08.480
is large retail, light industrial, recreational

00:21:08.480 --> 00:21:12.339
facilities. South of Saskatoon and the city will

00:21:12.339 --> 00:21:14.660
just eventually go around us with the potash

00:21:14.660 --> 00:21:16.660
we have, with the oil and gas, with the uranium

00:21:16.660 --> 00:21:19.160
that Saskatchewan has. People will just keep

00:21:19.160 --> 00:21:21.400
coming to Saskatoon. The city will grow around

00:21:21.400 --> 00:21:25.619
us, but we'll have this large piece of land that

00:21:25.619 --> 00:21:28.339
will just generate millions of dollars for the

00:21:28.339 --> 00:21:32.319
nation on top of their work in the mines. There's

00:21:32.319 --> 00:21:34.279
not, there's one other first nation we've met

00:21:34.279 --> 00:21:38.309
with that has. Mines that we have, the quality

00:21:38.309 --> 00:21:39.970
of the uranium mines that we have, which will

00:21:39.970 --> 00:21:44.230
last another 50 years, and urban land development.

00:21:44.430 --> 00:21:46.009
So you've heard the stories of, you know, our

00:21:46.009 --> 00:21:48.069
partners at Squamish developing their lands at

00:21:48.069 --> 00:21:52.289
Squamish. We have that same opportunity, plus

00:21:52.289 --> 00:21:55.710
these large mines in our backyard. Are you looking

00:21:55.710 --> 00:22:00.519
like Squamish at acquiring? Non -reserve lands

00:22:00.519 --> 00:22:04.359
and adding them to reserve lands. Well, I think

00:22:04.359 --> 00:22:07.599
we'll look at them both ways. And that's the

00:22:07.599 --> 00:22:10.400
problem with the Indian Act. If we buy more lands

00:22:10.400 --> 00:22:12.599
and turn them into reserve, you can't leverage

00:22:12.599 --> 00:22:16.220
them, right? We don't actually own anything.

00:22:16.539 --> 00:22:20.099
This land that we own right now and that we're

00:22:20.099 --> 00:22:22.759
in the process of expanding on, it's probably

00:22:22.759 --> 00:22:26.039
worth $800 ,000 an acre. We have about 400 acres.

00:22:27.369 --> 00:22:29.650
I guess the downside, if you don't make them

00:22:29.650 --> 00:22:31.829
reserve lands, you are still, that land is subject

00:22:31.829 --> 00:22:36.309
to the usual regulatory process. Yeah. And you

00:22:36.309 --> 00:22:40.789
don't have as much control or ability to. Yeah.

00:22:40.910 --> 00:22:43.029
And the way we structure companies, right? We

00:22:43.029 --> 00:22:46.730
want the advantages and the tax advantages through

00:22:46.730 --> 00:22:50.579
the GPLP model. And so we use the indirect. General

00:22:50.579 --> 00:22:53.180
partnership and limited partnerships. So it's

00:22:53.180 --> 00:22:56.099
the way that most economic development corporations

00:22:56.099 --> 00:22:59.019
are structured in this country is to take advantage

00:22:59.019 --> 00:23:04.339
of on -reserve status. Right. Yeah. So just to

00:23:04.339 --> 00:23:07.319
segue for a bit, so very popular TV show over

00:23:07.319 --> 00:23:10.400
here in the UK is Yellowstone. And the whole

00:23:10.400 --> 00:23:13.460
thing was they were going to take the land back

00:23:13.460 --> 00:23:18.480
onto the reserve. But downside to that. is you're

00:23:18.480 --> 00:23:22.200
restricted in terms of what you can do with it.

00:23:22.259 --> 00:23:25.160
So it might be good to keep it. I don't look

00:23:25.160 --> 00:23:27.180
at it restricted. I don't, I think we've been

00:23:27.180 --> 00:23:29.599
very aggressive. So when we built our water,

00:23:29.640 --> 00:23:31.960
our wastewater facility, people were asking,

00:23:32.039 --> 00:23:33.579
how did you, how did you get this done so quick?

00:23:33.880 --> 00:23:36.420
And it was an education then for us to go out

00:23:36.420 --> 00:23:40.180
and say, yes, we, we know all the negatives about

00:23:40.180 --> 00:23:42.839
the Indian act and reserve lands, but how can

00:23:42.839 --> 00:23:45.980
we as entrepreneurs find those points that add

00:23:45.980 --> 00:23:48.609
value? Yes. And that, Rob raises a good one,

00:23:48.690 --> 00:23:52.650
consultation. So the European model is now bogged

00:23:52.650 --> 00:23:56.869
in consultation processes, right? And it's probably

00:23:56.869 --> 00:24:00.250
30 % of their costs now on projects is, and the

00:24:00.250 --> 00:24:02.509
timeline. Yes. For us, we just were saying, well,

00:24:02.549 --> 00:24:04.490
we're going to build this under, we want to build

00:24:04.490 --> 00:24:06.970
this, it's sovereign. We're going to build this

00:24:06.970 --> 00:24:08.569
state -of -the -art water treatment facility.

00:24:09.529 --> 00:24:11.869
And so people are looking at us like, well, how

00:24:11.869 --> 00:24:14.130
did you guys get it done so quick? But we took

00:24:14.130 --> 00:24:16.890
advantage of. Yes. And that's a big problem in

00:24:16.890 --> 00:24:19.089
the UK in terms of getting things done. There's

00:24:19.089 --> 00:24:25.170
a 30 billion HS2 that isn't going, or HS3 anyway,

00:24:25.269 --> 00:24:27.549
isn't going anywhere, but they spent millions

00:24:27.549 --> 00:24:31.630
on a bat tunnel. Okay. And consultation. Oh,

00:24:31.690 --> 00:24:34.250
we won't do that. Okay. We'll dig under and drove

00:24:34.250 --> 00:24:37.309
up the cost. So you're right. The European model

00:24:37.309 --> 00:24:42.579
is, you know, starting to. Because it can't serve

00:24:42.579 --> 00:24:44.680
all the needs and nothing gets done. Yes, exactly.

00:24:44.680 --> 00:24:47.099
So you have that freedom because you're sovereign.

00:24:47.240 --> 00:24:48.819
Well, it's its own economy, right? Because it's

00:24:48.819 --> 00:24:50.220
its own economy because you have departments

00:24:50.220 --> 00:24:52.779
of people that are all focused on public consultation.

00:24:53.059 --> 00:24:54.740
And you have to have public consultation. We're

00:24:54.740 --> 00:24:58.160
not against that. But the economic needs of our

00:24:58.160 --> 00:25:01.079
nation with the English River far exceed that.

00:25:01.119 --> 00:25:04.380
And we have our own internal, we have a land

00:25:04.380 --> 00:25:06.839
development committee that's based off of community

00:25:06.839 --> 00:25:11.619
members, elders, youth, elected officials. It's,

00:25:11.619 --> 00:25:13.559
you know, something that we're proud of with

00:25:13.559 --> 00:25:17.079
English River is, and I mentioned at the summit,

00:25:17.220 --> 00:25:21.220
was there hasn't been one chief. English River

00:25:21.220 --> 00:25:25.019
and Desnethy is one of the most successful economic

00:25:25.019 --> 00:25:29.740
development corporations in Canada. And, but

00:25:29.740 --> 00:25:33.319
you'll never see an award given to one chief.

00:25:33.720 --> 00:25:37.200
And because they've had multiple chiefs. And

00:25:37.200 --> 00:25:39.099
so when I hear stuff about indigenous governance

00:25:39.099 --> 00:25:43.200
and I think about seven generation thought, English

00:25:43.200 --> 00:25:46.759
River is one that has done this and they've done

00:25:46.759 --> 00:25:49.019
it humbly and they don't put everything on social

00:25:49.019 --> 00:25:52.059
media. They don't put their signing an MOU on

00:25:52.059 --> 00:25:54.599
social media in a smudging ceremony. They just

00:25:54.599 --> 00:25:57.960
do stuff. And so it was very proud of me at the

00:25:57.960 --> 00:26:01.799
summit to put up pictures of eight chiefs and

00:26:01.799 --> 00:26:05.549
see this growth over time. And does Netflix follow

00:26:05.549 --> 00:26:08.890
that model? We follow the Navajo model of a separation

00:26:08.890 --> 00:26:12.450
of business and politics. Yes, I recall you mentioning

00:26:12.450 --> 00:26:15.849
the Navajo model. I took notes. But can you explain

00:26:15.849 --> 00:26:18.170
to our viewers a bit more? Because Navajo, they'll

00:26:18.170 --> 00:26:20.609
think, okay, that's American. Yeah. Okay, what

00:26:20.609 --> 00:26:23.130
is that model? And I think it'd just be helpful

00:26:23.130 --> 00:26:25.190
for people to understand. Many of the tribes

00:26:25.190 --> 00:26:27.910
in the United States have, you know. created

00:26:27.910 --> 00:26:31.170
really strong economic development hubs. And

00:26:31.170 --> 00:26:32.990
they just found early on that you had to just

00:26:32.990 --> 00:26:36.410
separate the chief and leadership, our nation

00:26:36.410 --> 00:26:39.890
builders, and let them focus on the business

00:26:39.890 --> 00:26:42.950
of developing the nation, but bring in the best

00:26:42.950 --> 00:26:45.759
business people to run your business. And you've

00:26:45.759 --> 00:26:47.759
seen that in Canada a few times. There's a number

00:26:47.759 --> 00:26:50.740
of examples that people have, and that's self

00:26:50.740 --> 00:26:53.059
-determination. The great thing about it is nations

00:26:53.059 --> 00:26:55.059
get to make their own choices. Right. So some

00:26:55.059 --> 00:26:57.160
nations go down and say, no, we want to employ

00:26:57.160 --> 00:26:58.759
as many of our own people as possible within

00:26:58.759 --> 00:27:01.299
our active. Okay. Well, maybe they don't have

00:27:01.299 --> 00:27:02.799
the sphere of influence, but that's what the

00:27:02.799 --> 00:27:05.400
nation wants. English river said, no, we want

00:27:05.400 --> 00:27:08.059
the, we want strong business people to run our

00:27:08.059 --> 00:27:10.160
economic development corporation and build up

00:27:10.160 --> 00:27:12.900
our people and hand that over to our people at,

00:27:12.920 --> 00:27:15.990
at a. So it's all about just that separation

00:27:15.990 --> 00:27:19.789
of church and state. Yes. And so that model is

00:27:19.789 --> 00:27:23.089
taught through the Harvard School of Business,

00:27:23.289 --> 00:27:26.890
and it was given credit to the Navajo leadership

00:27:26.890 --> 00:27:28.490
who sort of said, no, this is the way we need

00:27:28.490 --> 00:27:30.410
to run our businesses. We were talking, and Mark

00:27:30.410 --> 00:27:35.029
and I, to a Seminole tribe in Florida, and they're

00:27:35.029 --> 00:27:39.609
head of the guy who runs their real estate portfolio,

00:27:39.829 --> 00:27:42.569
and they're generating more than a billion dollars

00:27:42.569 --> 00:27:47.069
of revenue. for the small Seminole tribe in central

00:27:47.069 --> 00:27:50.269
Florida. And so we got introduced to him expecting

00:27:50.269 --> 00:27:55.309
to speak to a Seminole elder. And he's a New

00:27:55.309 --> 00:27:58.509
York hedge fund guy who was hired by the tribe

00:27:58.509 --> 00:28:01.230
to run their portfolio. He's looking at investments

00:28:01.230 --> 00:28:05.609
all over the world. But he's a world -class investor

00:28:05.609 --> 00:28:09.650
himself. And over time, they'll build their own

00:28:09.650 --> 00:28:13.240
capacity. But yeah, that was it. And that's my

00:28:13.240 --> 00:28:15.279
goal is to hand it over either to someone at

00:28:15.279 --> 00:28:18.200
that caliber or to an English River band member.

00:28:18.319 --> 00:28:20.019
And so we put up, you know, the community puts

00:28:20.019 --> 00:28:23.380
a lot of focus on education, but you know, it's

00:28:23.380 --> 00:28:25.059
always about, we need our own source revenue.

00:28:25.359 --> 00:28:28.299
We cannot call ourselves self -determined if

00:28:28.299 --> 00:28:30.519
we're dependent on federal funding. Correct.

00:28:30.740 --> 00:28:32.920
And so it's, but at the same time, they want

00:28:32.920 --> 00:28:34.720
to employ as many Indigenous people as possible.

00:28:35.319 --> 00:28:39.279
So, you know, we've, we've gone over the a hundred

00:28:39.279 --> 00:28:42.140
million dollar mark. in both like the revenues

00:28:42.140 --> 00:28:44.880
we manage. And we've almost become an asset manager,

00:28:45.039 --> 00:28:49.640
20 different companies. Some we own 5 % of, some

00:28:49.640 --> 00:28:53.579
we own 100 % of. So we oversee a lot from a governance

00:28:53.579 --> 00:28:56.680
perspective. And with our companies, we're still

00:28:56.680 --> 00:29:00.599
over 60 % Indigenous employment. And so a lot

00:29:00.599 --> 00:29:02.579
of, you know, we push the boundaries of what

00:29:02.579 --> 00:29:06.359
we want to do. And some say, well, you're not

00:29:06.359 --> 00:29:09.059
really, you know, we're community -based in everything

00:29:09.059 --> 00:29:12.579
we do. We support our elders and our culture.

00:29:12.720 --> 00:29:16.660
I walk where lapels created by our elders. Yeah,

00:29:16.660 --> 00:29:18.980
sorry. Can you explain your lapel? Well, it's

00:29:18.980 --> 00:29:21.940
a moose hide tufting. So it's all moose hide

00:29:21.940 --> 00:29:23.759
and then they dye the tufting and then they create

00:29:23.759 --> 00:29:28.000
this artwork. And I'm happy to take it out into

00:29:28.000 --> 00:29:31.460
the world and share it and introduce people who

00:29:31.460 --> 00:29:33.299
are artists back home. But to me, it's a way

00:29:33.299 --> 00:29:37.039
of helping reinvigorate and make sure that Dene

00:29:37.039 --> 00:29:40.200
culture stays alive and moves forward. And so.

00:29:40.460 --> 00:29:42.799
Is there a typical meaning on that one or it's

00:29:42.799 --> 00:29:45.059
just. No, it's just getting nicer and nicer.

00:29:45.200 --> 00:29:47.440
Like when I go to the, I sit on the board of

00:29:47.440 --> 00:29:50.960
TELUS. TELUS is a national telecommunications

00:29:50.960 --> 00:29:54.859
company. It's the Western base, probably the

00:29:54.859 --> 00:29:58.480
leader in telecommunications in Canada. And when

00:29:58.480 --> 00:30:00.480
I go to that, they're always sort of giving me

00:30:00.480 --> 00:30:03.819
your. Your pins keep getting up in value. Like

00:30:03.819 --> 00:30:06.599
when it looks like Christian Dior now who's making

00:30:06.599 --> 00:30:09.460
the pins, but it's all, it's all of our artists

00:30:09.460 --> 00:30:11.700
in English River. Excellent. Yeah. Excellent.

00:30:12.220 --> 00:30:15.339
Sean, you were with us at the summit, uh, your

00:30:15.339 --> 00:30:17.900
first time with us, but I know you've been to

00:30:17.900 --> 00:30:20.559
London other times, any general impressions?

00:30:21.779 --> 00:30:25.079
No, I think it's very, uh, progressive. Um, and

00:30:25.079 --> 00:30:28.160
I brought to me a lot of pride, as I mentioned,

00:30:28.240 --> 00:30:30.380
just showcasing the story of English River in

00:30:30.380 --> 00:30:33.549
Desnathay. The world of institutional retail

00:30:33.549 --> 00:30:37.930
investors, foreign investors, you know, I'm trying

00:30:37.930 --> 00:30:42.369
to crack that code. I want to, you know, show

00:30:42.369 --> 00:30:45.230
that here we have a company that has strong processes,

00:30:45.569 --> 00:30:50.109
independence from politics, good return on our

00:30:50.109 --> 00:30:53.130
investment, just a culture of execution at Desnete.

00:30:53.690 --> 00:30:56.430
But also that we are one of the few that can

00:30:56.430 --> 00:31:01.420
work with so many global companies. You know,

00:31:01.420 --> 00:31:04.720
one of our companies sells all the coffee to

00:31:04.720 --> 00:31:06.880
tell us, and we're talking to Scotiabank about

00:31:06.880 --> 00:31:09.319
that now. We have another company that's selling.

00:31:09.579 --> 00:31:11.460
I've tasted that coffee, by the way. Solstice.

00:31:11.920 --> 00:31:14.740
We have another company that's now selling indigenous

00:31:14.740 --> 00:31:19.640
rugs to Walmart. That's Ella Holtsey. That's

00:31:19.640 --> 00:31:22.799
a partnership we have with BGIS, a large Canadian

00:31:22.799 --> 00:31:25.099
company that does facilities management. I saw

00:31:25.099 --> 00:31:29.380
that, actually. We have another. You know, we

00:31:29.380 --> 00:31:31.559
did a deal with Weyerhaeuser to buy land that

00:31:31.559 --> 00:31:34.819
they owned for 100 years. We have a first of

00:31:34.819 --> 00:31:37.619
its kind debt markets company, the Scotiabank.

00:31:38.259 --> 00:31:42.059
So we're very proud of the fact that we are executors,

00:31:42.059 --> 00:31:44.759
that we can get things done. And we just look

00:31:44.759 --> 00:31:48.180
at now Canada going forward and Canada needing

00:31:48.180 --> 00:31:52.079
to evolve our trade relationships. Indigenous

00:31:52.079 --> 00:31:54.319
people have showed up for Canada numerous times.

00:31:54.359 --> 00:31:56.319
You know this, Rob, like stories around World

00:31:56.319 --> 00:31:58.700
War I and World War II and our elders. Well,

00:31:58.740 --> 00:32:00.440
showed up at the beginning when the first Europeans

00:32:00.440 --> 00:32:02.480
arrived, if it wasn't for the Indigenous peoples.

00:32:02.799 --> 00:32:05.259
They wouldn't have survived the winters. Many

00:32:05.259 --> 00:32:07.500
didn't when they didn't have good relations.

00:32:08.000 --> 00:32:10.140
But all, like everything, you mentioned Meech

00:32:10.140 --> 00:32:13.140
Lake. And so now we need to do it again. And

00:32:13.140 --> 00:32:15.579
I really challenge Corporate Canada about if

00:32:15.579 --> 00:32:17.579
you're not doing it now, what's holding you up?

00:32:17.660 --> 00:32:19.380
Like, I really want to know, what is the issue?

00:32:19.819 --> 00:32:21.640
What do we need to do as Indigenous business

00:32:21.640 --> 00:32:24.519
to up our game? Because there should not be any

00:32:24.519 --> 00:32:29.099
more excuses. Indigenous companies add value,

00:32:29.200 --> 00:32:32.400
tremendous value, not just on an ESG perspective,

00:32:32.599 --> 00:32:35.039
not from your reconciliation action plans, but

00:32:35.039 --> 00:32:38.440
from your value proposition you're doing as a

00:32:38.440 --> 00:32:40.680
company through diversity. But just even in our

00:32:40.680 --> 00:32:43.480
execution, our ability to attract people. People

00:32:43.480 --> 00:32:47.119
ask me all the time about how can I hire more

00:32:47.119 --> 00:32:48.900
Indigenous people? I'm like, I want to hire them.

00:32:49.069 --> 00:32:52.089
So I'm going to beat you at hiring them. Well,

00:32:52.150 --> 00:32:54.910
you talked about that at the summit, which I

00:32:54.910 --> 00:32:59.130
think you and I reflected that evening, is we

00:32:59.130 --> 00:33:01.410
have business leaders who happen to be Indigenous.

00:33:01.849 --> 00:33:04.529
And you were saying, you know, I want to compete

00:33:04.529 --> 00:33:06.269
against others because they're the most hungry

00:33:06.269 --> 00:33:08.549
and aggressive. And they will bring us the top

00:33:08.549 --> 00:33:10.710
of the game, where some of the other companies

00:33:10.710 --> 00:33:14.009
are a bit too comfortable. And I think it's proven

00:33:14.009 --> 00:33:16.829
for the success of your group, the Zneti group.

00:33:17.390 --> 00:33:19.470
look at the portfolio of companies that you have

00:33:19.470 --> 00:33:22.589
and what you're doing. So I think that's really,

00:33:22.670 --> 00:33:25.130
really exciting. Just do more, right? It was

00:33:25.130 --> 00:33:26.670
great to have you at the summit. It's great to

00:33:26.670 --> 00:33:29.769
have you here today again. Spend a bit of time

00:33:29.769 --> 00:33:32.490
with us. We could have chatted for longer, but

00:33:32.490 --> 00:33:35.069
another time. Right on. Thanks, Mark. Thank you,

00:33:35.089 --> 00:33:38.789
Rob. Thank you. Thank you. Thank you to Sean

00:33:38.789 --> 00:33:41.349
Willey for sharing his insights with us. And

00:33:41.349 --> 00:33:43.640
thank you for viewing and listening. Be sure

00:33:43.640 --> 00:33:46.000
to share, subscribe, and leave a review on your

00:33:46.000 --> 00:33:48.539
favorite podcast channel. Thanks for listening

00:33:48.539 --> 00:33:50.420
to Drum Beats. Until next time.
