I'll be really quick with the first part. I think we go back to ensuring that the first nations, whether they're determined to be impacted by the federal or provincial government or whether they're determined to be impacted by the nations themselves, need adequate capacity to understand projects—not only the environmental, cultural and traditional way of life impacts, but also those opportunities that rest in terms of equity, supply chain and workforce development.
If we're starting to look at it from a holistic notion in terms of a file on a project, to your point, opportunities for equity are an increasingly aspect of our involvement. I can't stress that enough, of course. We've seen some of the loan guarantee programs come into effect, but there is also a perspective that our equity is already being put forward with the land and the resources. When we're tasked with going out to borrow additional equity to participate as partners in a project, that's a concern and an issue in itself.
As we look at these opportunities that arise in the race for critical minerals across the globe, how do we best participate? I would say unequivocally those opportunities for equity participation are important, but we also recognize that we have a nation-to-nation relationship as first nation governments with the Government of Canada. We also have a first nation relationship with the respective provinces across Canada.
When it comes to resource revenue sharing or royalty sharing, those are increasingly important aspects that need to be considered by the respective governments. When projects move past the red tape, as was mentioned earlier, into operations, it's a multi-billion dollar industry, which, to date, we don't see much of as first nations. That's an important component to be mindful of in terms of your future deliberations within your respective level of government.