CANADA (From news reports) -- The Ka:'yu:'k't'h'/Che:k:tles7et'h' First Nations have acquired an Interfor forest licence, marking a historic milestone in reclaiming stewardship over their traditional territories and building a sustainable economic future.

"It allows us to take control of our forestry resources and aligns with our broader vision of economic growth and environmental stewardship," says Gary Wilson, CEO and director for economic development for Tiičma Enterprises, the Nation's company, in a media release from Sept. 10.

This acquisition is a significant step for Nations in reclaiming stewardship over their traditional territories, restoring ecological balance, and fostering a sustainable economic future for future generations, the Nations said.

For Ralph Friedrich, Interfor's vice president of coastal operations, the deal represents the forest product company's ongoing commitment to reconciliation in British Columbia.

"It is an exciting time for Tiičma Forestry LP and reaffirms Interfor's commitment to continuing to build on our relationship with the Ka:'yu:'k't'h'/Che:k:tles7et'h' First Nations and other Indigenous peoples throughout British Columbia, enabling them to become stewards of the forests in their traditional territories and build a sustainable forest economy," Friedrich said in the release.

Ben Gillette, legislative chief for the nations, called the deal an important milestone.

"It not only strengthens our economic sovereignty but also ensures that our resources are managed with respect for our lands and traditions," he said.

Tiičma Forestry LP, previously known as Forestry Ventures, has led sustainable forestry since 2016, according to the release.

The company's mission is to manage the Nations' forestry tenures in a sustainable, efficient, and professional manner. This approach aims to preserve resource values, create self-generated revenue to support the Nations' goals, provides business development and employment opportunities for citizens, and foster collaboration within the KCFN Group of Businesses.

"By securing this tenure, we are taking a major step forward in our journey toward self-reliance and long-term sustainability for our Nation. This is a proud moment for our Board and the KCFN community," Cynthia Blackstone, CAO, KCFN and Chair, KCFN Holdings LP Board of Directors said.