Economic Development

Black Lake is active in economic development ventures in order to create employment and build wealth for the community. The First Nation owns numerous businesses including Elizabeth Falls Hydro, Black Lake Development, Black Lake Ventures, and Waterfound Development Corp. Investments also include shares in CanAlaska Uranium.

Black Lake Ventures is the business arm of Black Lake First Nation. It has direct ownership in four companies:

  • Athabsaca Basin Development – 23.23%
  • Prince Albert First Nation Business Development – 8.33%
  • Athabasca Catering – 20%
  • West Wind Scheduled Services (formerly known as Pronto Airways) – 25%

Athabasca Basin Development

Athabasca Basin Development is an investment company committed to building and investing in successful businesses. The company is owned by the seven communities in the Athabasca Basin, with Black Lake Ventures having 23% ownership. Since being established in 2002, the company has grown to include complete or partial ownership in twelve companies providing a wide […]


Athabasca Catering

In 1994 Athabasca Catering evolved from several related joint venture and partnerships and in 2003 the partnership became a 100% Saskatchewan First Nation owned and operated company. Our managing Partner, Kitsaki Management Limited Partnership, provides us the support, experience and oversight we need to succeed. The company specializes in local, First Nation and Aboriginal hiring […]


Prince Albert First Nations Development Limited Partnership

Prince Albert First Nations Business Development Limited Partnership strives to own and operate profitable businesses that create employment opportunities for First Nations people, generate earning for reinvestment in in businesses and support First Ntions quest for economic self-sufficiency. The company has ownership in Arctic Beverages, Double Diamond Structures, Glemor Equipment, Points North Group of Companies, […]


Tazi Twe Hydro Electric Project

In November 2015, Black Lake voted in favour of proceeding with the $630M Tazi Twe Hydroelectric project, a joint venture with SaskPower. The Tazi Twe hydroelectric project is a proposed water diversion hydroelectric project that will supply 50 megawatts to the provincial power grid. It will be the first new hydro project in Saskatchewan in […]


Waterfound Development Corporation

Black Lake First Nations also participates in economic development activities through 33% ownership in Waterfound Development Corp. Currently, this development corporation owns 20% of Northern Resource Trucking (NRT). Formed in 1986, Northern Resource Trucking is a transport company that includes a large fleet of trucks and trailers including dry bulkers, propane, petroleum, sulphur, chemical, flat […]