Canada is set to provide a C$715 million (about $504 million) loan guarantee to a group of seven First Nations so they can purchase a stake in a large nuclear project east of Toronto, according to reporting from Financial Post and Bloomberg. Both accounts describe the arrangement as a government-backed financing mechanism that supports Indigenous participation in the nuclear venture. The coverage characterizes the nuclear project as one located east of Toronto, without detailing additional project partners, ownership structure, or the exact terms of the stake purchase. Bloomberg also notes the information comes from a person familiar with the matter, while Financial Post frames it as Canada backing the loan. The sources agree on the key financial figure, the number of First Nations involved, and the purpose of the guarantee—enabling the group to secure equity in the nuclear project. No additional specifics about timing, regulatory approvals, or the broader funding plan are provided in the excerpts. The reports present the loan guarantee as part of Canada’s efforts to involve Indigenous communities in major energy infrastructure developments.