SASKATOON, SK – First Nations Bank of Canada (FNBC), Canada’s only Indigenous-owned bank, has welcomed seven additional British Columbia First Nations into its ownership group following $5 million in new investments, increasing the Bank’s Indigenous ownership to 90.43%.
The investments bring the number of First Nations and Indigenous groups represented in FNBC’s ownership to 116 across Canada, including 12 First Nations in British Columbia.
The new investments include:
The new investments have resulted in a total capital raise of $39 million by the FNBC over the past two years.
“For Prophet River First Nation, this investment is about creating opportunities that will benefit our Nation today and for generations to come. Ownership matters. When First Nations have a greater stake in the institutions that serve our people and communities, we strengthen our collective ability to shape our own economic future. We are pleased to join other First Nations shareholders in supporting the continued growth and success of First Nations Bank of Canada,” said Chief Valerie Askoty, Prophet River First Nation.
“Gitga’at Development Corporation considers its investment in the First Nations Bank of Canada a long-term strategic fit. Financial stewardship and long-term growth prospects demonstrated
by FNBC align with GDC’s mandate of providing revenue streams to support future generations. We are fortunate to participate in this capital raise as it bolsters economic opportunities throughout Canada,” said Jason Schultz Chief Executive Officer of Gitga’at Development Corporation
“FNBC demonstrates that First Nations can build, own and control the institutions that are critical to our economic futures. We view this as more than an investment in a bank; it is an investment in ourselves, in Indigenous self-determination and in First Nations across Canada,” said Wilfred Cootes, President of Maa’nulth Treaty Society, on behalf of its five modern Treaty member Nations.
“We welcome these new First Nations shareholders from British Columbia with humility and respect,” said Bill Lomax, President and Chief Executive Officer of First Nations Bank of Canada. “Their investment reflects growing confidence in FNBC and strengthens our ties to British Columbia, which has been the Bank’s fastest-growing market over the past two years. It is especially meaningful to see our growth in the region accompanied by greater First Nations ownership of the Bank, reinforcing the vision on which FNBC was founded—that First Nations should have ownership in the financial institutions that support their communities and economic futures.”
Founded in 1996, FNBC has grown from Canada’s first Indigenous-owned bank into a national financial institution serving Indigenous and non-Indigenous clients across the country. The Bank provides a full range of personal and business banking services, including loans, mortgages and investments, as well as trust services through its wholly owned subsidiary, FNB Trust.
As Canada’s only Indigenous owned chartered bank, FNBC operates 22 branches and service centers across six provinces and three territories and manages more than $1.79 billion in assets. Its wholly owned subsidiary, FNB Trust, has approximately $5.5 billion in assets under supervision.
Rosemary Thompson Communications Advisor First Nations Bank of Canada (613) 240-6739
Hartley Bay, BC — Gitga’at Development Corporation (GDC) is proud to announce the launch of its new Post-Secondary Scholarship & Bursary Fund, a new initiative designed to support Gitga’at students as they pursue higher education and build successful careers.
Guided by the principle “Smhawksa na Sumaxsm” — Believe in our young people, the fund reflects GDC’s ongoing commitment to strengthening the Nation by investing in its future leaders.
The Post-Secondary Scholarship & Bursary Fund will provide financial assistance to eligible Gitga’at students who demonstrate academic achievement, financial need, and a commitment to giving back to their community. Awards typically range from $1,000 to $2,500 per academic year, helping students offset the costs of tuition, books, housing, transportation, food, childcare, and other educational expenses.
In addition to financial support, recipients may also have access to mentorship opportunities, networking events, and professional development resources designed to help them succeed throughout their educational journey and beyond.
“Education creates opportunities that strengthen individuals, families, and our Nation,” said a spokesperson for Gitga’at Development Corporation. “By supporting our students today, we’re helping develop tomorrow’s business leaders, engineers, managers, entrepreneurs, and professionals who will help shape the future of the Gitga’at community.”
Applications for the inaugural funding cycle open August 15 and close September 15, with successful applicants being notified by October 15.
To be eligible, applicants must:
While students from all academic disciplines are encouraged to apply, priority may be given to those pursuing studies in Business, Finance, Management, and Engineering.
Gitga’at Development Corporation encourages all eligible students to apply and take advantage of this opportunity to invest in their future.
For more information or to apply click the link below
Gitga’at Development Corporation exists to create long-term economic opportunities that generate sustainable benefits for the Gitga’at Nation. Through strategic business development, partnerships, and community investments, GDC works to build a prosperous future while supporting the well-being, education, and success of present and future generations.
We are excited to announce that Gitga'at Development Corporation, in partnership with Hecate Strait Employment Development Society, is hosting the First Nations Career Expo and Job Fair 2026, a two-day event designed to connect Indigenous community members with employment opportunities, hands-on training, and the tools needed to thrive in today's workforce.
What Is the Career Expo?This isn't your average job fair. The First Nations Career Expo is a two-day, immersive experience packed with interactive workshops, face-to-face time with hiring managers, and real opportunities to launch or grow your career. Whether you're entering the workforce for the first time, exploring a career change, or looking to upgrade your skills, this event is built for you.
Over two days, attendees will have the opportunity to:
Some of the region's most respected employers will be on-site and ready to meet you, including:
Early Bird Draws — Don't Miss Out!
The first 15 participants each day will be entered into an Early Bird Draw. Draws are held at lunch, and you must be present to claim your prize. Show up early and ready to connect!
At Gitga'at Development Corporation, we believe that economic self-determination starts with access to opportunity. Events like the Career Expo are about more than job listings , they're about building relationships, strengthening our community, and ensuring that First Nations people have a seat at the table in industries shaping our region's future.
Lunch is provided both days. Bring your resume, your questions, and an open mind. We look forward to seeing you there.
For more information, contact Gitga'at Development Corporation.
The Gitga'at Development Corporation is proud to announce the release of the 2025 State of the Ocean (SOGO) Report, documenting a year of dedicated community effort to protect and steward the lands and waters of Gitga'at territory.
This comprehensive 105-page report brings together the work of Gitga'at Guardians, researchers, students, and community members. It showcases critical research and monitoring across our marine territory, from whale habitat management to ancestral archaeological discoveries, and from ecosystem mapping to waterway safety initiatives.
A majestic whale's tail emerges from the serene waters of the Great Bear Rainforest, showcasing the natural beauty and rich marine life of this pristine wilderness.
"Every observation, every piece of data strengthens our ability to make informed decisions and keep our marine and coastal ecosystems healthy," notes the importance of this ongoing work.We extend our deepest appreciation to Kim-Ly Thompson, Chris Picard, and the entire GOLD team for their leadership in compiling and editing this outstanding report. We also recognize and thank all the authors and contributors who generously shared their knowledge and expertise. Your contributions have been essential in providing a comprehensive understanding of the health of our ocean and ecosystems.
With 18 staff members in the Gitga'at Oceans and Lands Department working alongside experts and advisors, this report represents the dedication required to care for the many resources within our lands and waters.
Digital copy available below:GFN_SOGO_25_REPORT_SPREADS_WEB.pdfDownload PDF
12.12MB
We are pleased to announce that Jason Schulz has been appointed Chief Executive Officer. Jason brings over two decades of experience in Indigenous business, infrastructure development, strategic investments, and community leadership.
Since 2017, he has served in senior management, where he has been instrumental in advancing major renewable energy initiatives, landmark pipeline partnerships, and long-term infrastructure projects that deliver both economic growth and environmental stewardship.
Jason is deeply committed to fostering sustainable development and strong partnerships that create lasting value for Indigenous communities. He has played a leading role in transformative projects, including the $1.12 billion Indigenous partnership with Enbridge—the largest Indigenous energy transaction in North American history—as well as the development of three large-scale merchant solar farms and Canada’s first and largest off-grid solar project, Three Nations Energy. Jason also guided negotiations to secure $45.8 million in federal funding for battery energy storage systems, ensuring multigenerational economic benefits. Jason has been successful in negotiating complex infrastructure transactions that represent $5 billion in assets, collectively generating in excess of $30 million in annual revenue.
Beyond his professional achievements, Jason has served as Director, Chair, and President of several Indigenous-led partnerships, was elected Trustee with the Fort McMurray Public School District, and served on the Northern Alberta Development Council. He holds a Bachelor of Arts from the University of Regina and an MBA from the University of British Columbia. His international experience includes language and cultural studies in Tokyo, Japan, as well as co-authoring a best-selling English self-study textbook. He enjoys spending time with his wife, two children and network of friends. He is passionate about the outdoors where his pursuits include hiking, biking, fishing and hunting.
We are excited to share that the Gitga’at Development Corporation has officially established a business relationship with Bailey Helicopters. After thorough discussions and careful preparation, both parties are now moving forward together to support shared goals and initiatives.
Since 1989, Bailey Helicopters has earned a reputation as one of the leading and most respected rotary-wing operators in Northern BC and Alberta. Their commitment to safety, operational excellence, and environmental stewardship is widely recognized. Equally important is their dedication to working collaboratively with First Nations communities. Notably, both the McLeod Lake Indian Band (Duz Cho Group of Companies) and the Doig River First Nation (Uujo Developments) have praised Bailey Helicopters for their long-standing business and community partnerships.
For the Gitga’at Development Corporation, this partnership represents operational alignment, and it reflects shared values. Bailey Helicopters’ expertise, dedication to social and environmental causes, and respect for Indigenous priorities closely align with the Gitga’at First Nation’s commitment to maintaining the ecological prosperity of the land, sea, and wildlife within the Great Bear Rainforest.
We look forward to working closely with Bailey Helicopters as we continue to support responsible stewardship, sustainable growth, and meaningful community partnerships.
It is with deep sadness that we announce the sudden passing of Gitga’at Development Corporation board member, Steven Blacklock.
After a 40+ year career in finance and business leadership, including serving as a Chief Financial Officer, Steven continued to share his expertise in support of the Gitga’at Nation’s economic development. His work across industries such as forestry, mining, fishing, and local government made him a valuable advisor, while his dedication to Indigenous economic development reflected his deep commitment to community.
Steven was not only a respected leader and mentor but also a thoughtful, compassionate, and generous person. His guidance and commitment left a lasting impact on those around him. He will be remembered for his integrity and unwavering dedication to making a difference for the Nation.
We extend our heartfelt condolences to Steven’s family, friends, and colleagues during this difficult time.
For over five years, Gitga’at Development Corporation has proudly partnered with Park Derochie through a successful Joint Venture that reflects the Gitga’at Nation’s commitment to building Economic Prosperity while upholding our responsibilities to Environmental Prosperity in the Great Bear Rainforest.
From the outset, Park Derochie has brought industry-leading skill, professionalism, and safety standards to our projects— hile also demonstrating something equally important: a deep respect for Indigenous governance and community-led priorities. Their approach has been culturally respectful, community-centred, and guided by the values we hold as a Nation.
Our partnership has delivered tangible results. Through Gitga’at Park Derochie, we secured major Industrial Coatings contracts on the LNG Canada project. These contracts not only created high-quality work opportunities, but also generated meaningful revenue that was reinvested into the Gitga’at Oceans and Lands Department, supported the implementation of the Gitga’at Safe Shipping Protocol, and strengthened programs that promote cultural continuity and community wellness.
Park Derochie has been a steady and thoughtful partner throughout this journey. Their clear communication, strategic insight, and attention to detail have contributed to successful outcomes that align with the Gitga’at Nation’s vision for self-determination and long-term sustainability.
As we continue to grow, we are proud of what this partnership represents. It is a model for how industry and Indigenous communities can work together, respectfully and effectively, for mutual benefit and generational impact.
We confidently recommend Park Derochie’s Industrial Coatings services to companies operating in the construction, mining, energy, and municipal sectors.
We look forward to continued collaboration and shared success in the years ahead.
— Gitga’at Development Corporation
Letter of Support - Park Derochie.pdfDownload PDF • 936KB
Over the past five years, Gitga’at Development Corporation has been proud to work alongside NCS Fluid Handling Systems through a joint venture rooted in mutual respect, shared values, and long-term vision. Together, we’ve shown that industry partnerships can support not only economic growth, but also cultural continuity and environmental stewardship.
NCS Fluid has played a key role in advancing Gitga’at Nation’s goals of achieving Economic Prosperity while proactively maintaining the Environmental Prosperity of the Great Bear Rainforest. Their contributions to the LNG Canada project helped secure major contracts that directly benefited the community, including investments in:
Throughout our partnership, the NCS Fluid team has consistently brought exceptional professionalism, high safety standards, and a sincere commitment to Indigenous governance and community priorities. Their approach isn’t just about delivering services, it’s about building trust, aligning with Nation-led goals, and ensuring that every project leaves a positive legacy.
Gitga’at Nation and the Gitga’at Development Corporation are taking the next steps in building a sustainable and community-led eco-tourism initiative.
As part of this important process, a series of community engagement sessions will be held this August in Hartley Bay and Prince Rupert.
These sessions, facilitated by MNP, are designed to gather input from Gitga’at members, share updates, and ensure the development of eco-tourism in the territory reflects the values, vision, and priorities of the community.
Session Details:
Hartley Bay
Prince Rupert
Snacks and refreshments will be provided.
Eco-tourism has the potential to create long-term, culturally respectful economic opportunities while protecting the environment and showcasing the unique identity of Gitga’at territory. These sessions are a key step in ensuring that the community is at the heart of this work.
How to RegisterPlease email Teresa Robinson at te************@*****at.ca to confirm your attendance.
We encourage all Gitga’at members and partners to join us in these conversations. Your voice and perspective are essential as we move forward together.