Rayon maker Aditya Birla of India signed a three-year partnership deal with Pays Plat First Nation to harvest wood from the Kenogami Forest to the company's Terrace Bay mill.
The company is in the process of converting the mill on the north shore of Lake Superior into a dissolving pulp operation used in textile manufacturing.
The company plans to employ 350 once the conversion is complete in 2016.
Pays Plat is one of a number of suppliers selected to feed the mill's daily fibre needs of 2,000 tonnes.
Birla purchased the mothballed pulp mill in June 2012.