Tree Frog Forestry News

TFL 44 Limited Partnership Holds First Board of Directors Meeting Advancing Vision of Stronger Forest Sector in Alberni Valley

By Western Forest Products Inc.
Globe News Wire
May 16, 2019
Category: Business & Politics
Region: Canada West

PORT ALBERNI, British Columbia — The newly formed TFL 44 Limited Partnership, a partnership between Huu-ay-aht First Nations (“Huu-ay-aht”) and Western Forest Products Inc., held their first Board of Directors (the “Board”) meeting today. Aligned with their goal of providing more long-term sustainability for the forest sector and the region, the Board took a number of positive steps forward to execute on several key terms of their partnership agreement. The Board approved moving forward with a manufacturing study to evaluate the fibre supply in the Alberni Valley, including TFL 44 Limited Partnership and Huu-ay-aht lands and crown tenures. This was a key component of the TFL 44 transaction, which closed in March of this year, whereby the Huu-ay-aht acquired a 7% interest in TFL 44. The study will include a market assessment for potential wood products from the fibre produced in the Alberni Valley.

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