One Sky Forest Products Moving Forward with Development of OSB Plant in Prince Albert, Canada

One Sky Forest Products Ltd., working 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. Construction of the new facility is scheduled to start in Q3 2022, with start up targeted for 2023. Contracting opportunities for businesses in the region will be available during construction as well as in the ongoing operation of the facility.

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. 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, One Sky Forest Products 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.