One Sky Forest Products Ltd., together with its Indigenous partners, is moving forward with the development of a best-in-class, low-cost commodity Oriented Strand Board (OSB) facility in Prince Albert, Saskatchewan, Canada.
An objective of the project is to have significant equity investment and ownership by Indigenous communities in Saskatchewan. Current partners are Peak Renewables Ltd., local investors and twelve First Nations represented by Montreal Lake Business Ventures, Meadow Lake Tribal Council together with Big River First Nation, and Wahpeton Dakota Developments. The company is also sourcing fiber through agreements with First Nations and other forestry businesses located in the Prince Albert region.
Located near the dense and productive forests of Prince Albert Saskatchewan, the company is in a strong position to meet global market demands through strategic partnerships, competitive pricing and the optimization of forest lands. The new OSB facility will be strategically located relative to major OSB markets with excellent rail and road infrastructure available. The One Sky OSB product will be the most environmentally friendly product on the market. The new facility will provide approximately 700 jobs in the forest sector with the priority of hiring a predominantly Indigenous workforce.
Start-up of the OSB facility is targeted for 2023 with construction start targeted for Q3 of 2022. The project is a green, shovel-ready initiative that can create jobs during- and post-COVID. Contracting opportunities for businesses in the region will be available during construction as well as in the ongoing operation of the OSB Facility.
One Sky Forests Products Ltd. is a privately held Saskatchewan corporation formed to construct and operate the One Sky Oriented Strand Board plant in Prince Albert, Saskatchewan.
