First Nation indigenous communities in Canada have signed “first of a kind” equity agreements with small modular reactor (SMR) technology companies that will enable them to share in the success of potential deployment of advanced nuclear technology in New Brunswick and around the world.

North Shore Mi’kmaq Tribal Council (NSMTC) and its seven First Nation member communities said they had signed equity agreements with Moltex Energy Canada and ARC Clean Technology Canada (ARC).

A statement said NSMTC and its member communities are making financial investments in both Moltex and ARC that will result in them receiving CAD2m (€1.3m, $1.4m) in share value from Moltex and CAD1m in share value from ARC.