LNG Canada signs historic C$1B Indigenous equity option agreement with MNT Investments LP

On July 14, 2026, LNG Canada Development Inc. ("LNG Canada") signed an equity option agreement with MNT Investments LP ("MNT"), the joint investment vehicle of the Gitga'at First Nation, Gitxaała First Nation, Haisla Nation, Kitselas First Nation and Kitsumkalum. Under the agreement, MNT has the option to invest up to C$1 billion to acquire a majority interest in the special purpose entity that would own a storage tank to be constructed as part of the proposed LNG Canada Phase 2 expansion. The storage tank would be leased back to LNG Canada for the life of the project. If exercised, the transaction would represent one of the largest Indigenous ownership positions in Canadian infrastructure and enable Indigenous equity participation in globally significant energy infrastructure from the construction phase. The transaction is conditional on LNG Canada’s joint venture participants approving the Phase 2 expansion, with a final investment decision targeted by the end of 2026.

McCarthy Tétrault LLP advised LNG Canada with a team led by Catherine M. Samuel that included Kerri Howard, Daphne Rodzinyak, Tyson M. Jackson, Tasia Ntwari (Corporate/Commercial), Matt Kraemer, Brett Anderson, Randy Schwartz, Simon Douville, Adam Unick, Hubert Cadotte, Micky Hoskin (Tax), Joe R. Palin, Gordon D. Baird and Audrey Bouffard-Nesbitt (Financial Services), Craig W. Shirreff, Thomas Fox (Real Property), Kara Smyth and Leah Strand (Litigation/Risk Management).