Athabasca Basin Development
Company Description
Core Strengths
Collective ownership by seven Athabasca communities
Diversified portfolio across 16 industrial and service sectors
Proven track record of wealth creation and reinvestment
Strategic focus on long-term community capacity building
Experienced management team with deep regional expertise
Strong balance sheet supporting acquisition and growth
Technical Codes
Primary NAICS: 551112 - Offices of Other Holding Companies
Secondary NAICS: 237990 - Other Heavy and Civil Engineering Construction
Projects
Portfolio Diversification
Acquires and builds successful businesses in industrial and service sectors.
Community Wealth Building
Reinvests corporate profits into community distributions and local capacity.
Mining Industry Integration
Maximizes local participation in regional mining opportunities.
Workforce Development
Supplies skilled labour and training to major industrial projects.
Corporate Social Responsibility
Supports local education, summer student programs, and community donations.
Strategic Partnerships
Collaborates with established firms to enhance regional service delivery.
Services
Strategic Investment Management
Business Development and Growth
Industrial Service Provision
Community Economic Development
Corporate Governance and Oversight
Indigenous Partnership Development
[Locked]
Enterprise Portfolio
Mining, Drilling & Heavy Industrial Contracting
Points Athabasca (Civil, Earthworks & Industrial Contracting – Joint Venture)
A civil, earthworks, and industrial contracting corporation partnering with clients to design, build, operate, and maintain heavy infrastructure projects across Western Canada while prioritizing local community workforce capacity. Athabasca Basin Development holds a 75% ownership stake, with the remaining interest held by Graham Business Trust.
Team Drilling (Drilling Services – Joint Venture)
An industry-leading mining and exploration drilling specialist providing safe, innovative, and high-productivity surface and underground drilling services across Canada. Athabasca Basin Development holds a 50% ownership stake, with the remaining interest held by Management.
Mudjatik Thyssen (Mining Contract Work – Joint Venture)
A strategic mining joint venture partnered with Thyssen Mining to execute major underground mining contract work in Northern Saskatchewan, operating at both the Cigar Lake and Eagle Point mine sites. Athabasca Basin Development holds a 35% interest in the Cigar Lake joint venture and a 29.5% interest in the Eagle Point joint venture, with remaining stakes held by Des Nedhe, Buffalo River, and Thyssen Mining.
Aviation, Logistics & Remote Site Management
Rise Air (Aviation Services & Charters – Joint Venture)
Saskatoon-based aviation provider supplying dedicated air charters, corporate aircraft management, medical evacuations, scheduled flights, and specialized ground services through its subsidiary, Snowbird Aviation Services. Athabasca Basin Development holds a 75% ownership stake, with the remaining interest held by Prince Albert Development Corporation (PADC).
Points North Group of Companies (Aviation Logistics & Base Camp Operations – Joint Venture)
Operators of Points North Landing, acting as a crucial aviation base camp, distribution hub, and expediting center for mineral exploration companies, outfitting lodges, and remote northern communities. Athabasca Basin Development holds a 48.3% ownership stake, with the remaining interest held by Peter Ballantyne, PADC, and Management.
Lonona Contracting (Remote Area Services & Infrastructure – Wholly-owned)
A remote project management entity specializing in logistical co-ordination and cold-weather infrastructure maintenance, responsible for over 250km of seasonal roads and 150km of critical ice roads in the Athabasca region. Athabasca Basin Development holds a 100% ownership stake.
Industrial Maintenance, Electrical & Technology
Athabasca Basin Security (Industrial & Mine Site Security – Wholly-owned)
A trusted security service provider delivering high-level industrial security guards, specialized electronic surveillance systems, and asset protection solutions tailored for the Canadian mining sector. Athabasca Basin Development holds a 100% ownership stake.
Flyer Electric (Industrial & Commercial Electrical Services – Joint Venture)
An industrial and commercial electrical contracting firm executing greenfield construction, brownfield retrofits, and ongoing site maintenance across the Prairies since 1982. Athabasca Basin Development holds a 68% ownership stake, with the remaining interest held by Sakitawak Development Corporation and Management.
DSG Power Systems (Diesel & Power Optimization Services – Wholly-owned)
A specialized power systems firm offering comprehensive light- and heavy-duty industrial diesel mechanical repair, troubleshooting, and power systems optimization. Athabasca Basin Development holds a 100% ownership stake.
Optek Solutions (IT Services & Solutions – Joint Venture)
An information technology systems integrator delivering managed IT services, commercial hardware sourcing, network architecture design, and ongoing technical support for Western Canadian businesses. Athabasca Basin Development holds a 31.667% ownership stake, with the remaining interest held by Peter Ballantyne, Kitsaki, and Management.
Retail, Distribution & Consumer Services
Arctic Beverages (Beverage & Food Distribution Franchise – Joint Venture)
The only First Nations-owned Pepsi franchise in Canada, serving as a massive multi-brand distributor (Pepsi, Frito Lay, Nestlé, Canada Bread) across a territory spanning 44% of Canada including Manitoba, Saskatchewan, Nunavut, and Northwestern Ontario. Athabasca Basin Development holds a 48.33% ownership stake, with the remaining interest held by PADC and Paskwayak.
A7 Investments (Retail Fuel & Hospitality Services – Majority Interest)
An investment vehicle holding commercial retail properties, including the 24-hour East Hill Esso & Car Wash complex in Prince Albert featuring a convenience store, full-service multi-bay car wash, and specialized dog-wash bays. Athabasca Basin Development holds a 95.46% ownership stake, with the remaining interest held by Management.
Tru-North Recreation Superstore (RV, Marine & Manufactured Home Retail – Joint Venture)
An Elite Yamaha marine, auto, and powersports dealership in Prince Albert that includes 100% ownership of Alumarine Boats manufacturing, alongside Tru-North Homes manufactured home retail sales. Athabasca Basin Development holds a 50% ownership stake, with the remaining interest held by Management.
5Buds Cannabis (Legal Cannabis Retail – Joint Venture)
An SLGA-certified legal retail recreational cannabis operation sourcing strictly regulated product across multiple brick-and-mortar storefronts in Saskatchewan. Athabasca Basin Development holds a 37.5% ownership stake, with the remaining interest held by Peter Ballantyne and PADC.
Financial & Professional Services
Long Lake Insurance (Independent Insurance Brokerage – Joint Venture)
A Saskatchewan-independent insurance brokerage network offering comprehensive commercial, agricultural, personal property, auto, and life insurance solutions through physical branches across the province. Athabasca Basin Development holds a 34.125% ownership stake, with the remaining interest held by PIC Investments and Management.
First Nations Bank of Canada (Chartered Financial Institution – Strategic Investment)
A Canadian chartered bank dedicated to providing personal, commercial, and trust services tailored to corporate Indigenous organizations, economic development groups, and remote community members. Athabasca Basin Development holds a 3.63% ownership stake, with the remaining interest held by multiple diverse owners.