FORT NELSON, B.C. – A forest tenure transfer has been given the go-ahead in the Fort Nelson Timber Supply Area.

Canadian Forest Products Ltd (Canfor) will transfer a forest tenure to Peak Fort Nelson Properties Ltd, according to a release from the Ministry of Forests on Wednesday.

Minister Katrine Conroy approved the transfer of Replaceable Forest Licence A17007, which has an allowable annual cut limit of 553,716 cubic metres.

The Fort Nelson First Nation has worked with Peak Fort Nelson Properties to come up with a land management framework that will direct further operations.

According to the release, the tenure transfer allows Peak Renewables to move forward with plans to commission a wood-pellet facility in the area, in partnership with the Fort Nelson First Nation.

Peak Fort Nelson Properties is expected to continue engagement with all First Nations. Harvesting will take place, with the goal of each part of the total forest-stand being used for its highest and best use.

Fibre will be made available to local producers as long as there is local demand.

Since 2019, any transfer of forest tenures must go through the minister who considers the effect of the transfer on the public interest, as well as the marketing of wood fibre in British Columbia.