# Uranium, Potash, and Forty-Seven Million Back to the Band: Ron Hyggen on Kitsaki

Page: https://stenobird.com/podcast/drumbeats-canadian-indigenous-investment-podcast-6966779/uranium-potash-and-forty-seven-million-back-to-the-band-ron-hyggen-on-kitsaki
Text version: https://stenobird.com/podcast/drumbeats-canadian-indigenous-investment-podcast-6966779/uranium-potash-and-forty-seven-million-back-to-the-band-ron-hyggen-on-kitsaki.md
Podcast: [Drumbeats - Canadian Indigenous Investment Podcast](https://stenobird.com/podcast/drumbeats-canadian-indigenous-investment-podcast-6966779)
Published: 2026-05-07T11:55:28+00:00
Episode link: https://rss.com/podcasts/drumbeats/2802030
Audio file: https://content.rss.com/episodes/278321/2802030/drumbeats/2026_05_07_09_52_42_3e36f559-3a00-4edc-b3a2-7921b8646c3f.mp3
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Duration seconds: 2371

## Resource

For forty years, Kitsaki Management Limited Partnership built one of Canada's largest Indigenous enterprise groups without external debt or outside equity. Kitsaki now operates 12 companies and 21 subsidiaries, employs over 2,000 people, and has distributed $47 million back to the 12,900 members of the Lac La Ronge Indian Band. In this episode of Drumbeats, hosts Mark Magnacca and Rob Brant speak with CEO Ron Hyggen about how Kitsaki reached this scale across Saskatchewan's uranium and potash sectors, and why it is now opening to external capital for the first time in its history. You'll learn: How Kitsaki built a full-service platform working with Cameco, Orano, Nutrien, Mosaic, and BHP A governance model that keeps chief and council in the boardroom under director-level fiduciary duties Why Kitsaki is now borrowing externally and exploring equity participation in Canada's critical minerals strategy What any prospective partner needs to bring: alignment with the nation's interests, willingness to negotiate rather than dictate, and a long-term orientation Forty years of self-funded growth. Now ready to talk to outside capital, on its own terms.

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## Transcript

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