Tla’amin Timber Products, in its capacity as general partner of Thichum Forest Products, has reached an asset purchase agreement with GDF Ventures Ltd to acquire woodlot license 1671 (WL-1671).
According to a media release, WL-1671 is an area-based provincial crown forestry tenure located in Tla'amin Nation territory. The woodlot supports an annual harvest cut of 4,715 cubic metre per year, according to the release.
“Doug Fuller, the previous holder of the licence, demonstrated a high level of pride and ownership in this woodlot,” stated Adam Culos, general manager of Thichum Forest Products. “This tenure acquisition and natural resource management opportunity within our territory strongly supports our strategic direction.
"Our vision is to develop an interpretive forest on this site which we can pass down knowledge and best practices throughout generations as we look to improve on current management practices in the BC forestry sector. Thichum looks forward to new forestry practices and innovative approaches on this site as we put our quadruple bottom line commitment into practice."
This woodlot license complements Tla'amin's managed forested lands, according to the release. The term on the new licence begins immediately.
The release stated that Thichum, which means deep into the woods in ʔayʔaǰuθəm, the Tla’amin language, was established in 2007 and is a subsidiary of Tla’amin Management Services LP.
