On February 27, 2026, the Ontario government announced that it is providing a provincial guarantee through the Indigenous Opportunities Financing Program (IOFP) to support a $250-million investment to increase production of life-saving medical isotopes. This guarantee is part of an agreement between Saugeen Ojibway Nation (SON) and Bruce Power.
Furthermore, this provincial guarantee is the largest of its kind since the Indigenous loan guarantee program began in 2009. This is administered by the Building Ontario Fund. The objective of the IOFP is to advance economic reconciliation and prosperity through financial participation of Indigenous partners in Ontario-based infrastructure projects.
Building Ontario Fund is an independent, board-governed Crown agency that leads private and institutional investment into revenue-generating infrastructure projects through Ontario.
Osler, Hoskin & Harcourt LLP advised Building Ontario Fund with a team consisting of Ricco Bhasin (Corporate and Private Equity), Chris Bennett, Marta Rochkin (Financial Services), Will Heisey, Rosalind Hunter (Corporate), Daniel Mester (Financial Services) and Shawn Cymbalisty (Corporate).
Key Contact
Partner, Corporate, Toronto
Team
Partner, Financial Services, Toronto
Partner, Financial Services, Toronto
Associate, Corporate, Toronto
Partner, Corporate, Toronto
Associate, Financial Services, Toronto
Partner, Corporate, Toronto
