The Globe and Mail reports in its Saturday edition that two unnamed sources report that Canada Nickel has secured a strategic investment from an Ontario first nation, marking what is believed to be the first indigenous financing in the Canadian critical minerals industry. The Globe's Niall McGee writes that Taykwa Tagamou Nation, a Cree first nation in the Cochrane district of Northern Ontario, is paying $20-million to buy convertible notes in Canada Nickel in a transaction set to be announced Monday. The securities will pay an annual interest rate of 4.75 per cent over five years and are convertible to common shares. If converted, the indigenous group would own an 8.3-per-cent equity interest in the nickel-development company. The first nation will also earn a seat on Canada Nickel's board. That will give the community an important voice around the development of the project over the next few years with the environmental footprint of the Crawford nickel cobalt project near Timmins top-of-mind. Although there have been several significant equity investments by indigenous groups in the oil and gas sector in recent years, the Canada Nickel investment is considered groundbreaking for Canada's critical minerals industry.