The timber supply for this facility will be maintained through co-operation with Carrier Forest Products, the North West Communities timber allocation, as well as the Company's Crown timber allocation connected to its Aallcann operations. The Company and the North West Communities intend for this arrangement to provide the seven local communities with long-term, sustainable forestry job opportunities.
"We are pleased to increase our harvesting capacity and fibre supply with these transactions," stated Mike Jenks, Chairman & CEO. "The Kispiox acquisition will enhance our ability to extract value from our own private timberlands in Hazelton and the Beauval agreement lines up our strategy of increasing production from our newly acquired Aallcann wood treatment facility in Saskatchewan."
With these transactions, the Company expects to harvest over 1,450,000 cubic metres of timber on an annual basis, up 630% from the Company's harvesting capacity prior to its acquisitions in June 2014.
Jemi Fibre is a Western Canadian based forest products company.
