Nation of Great Saskatchewan?

In a world without the USA, I envisioned an independent nation based on Sir Frederick Haultain's proposed province of Buffalo.
https://en.wikipedia.org/wiki/Province_of_Buffalo
I was given further confidence in this idea by this nation in the timeline French Trafalgar, British Waterloo.
http://althistory.wikia.com/wiki/Assiniboia_(French_Trafalgar,_British_Waterloo)
My idea differs from this in a few ways, first the teratory is only that of OTL alberta and saskatchewan, second I placed it's
capital at Qu'Appelle, which was one of the places felt most likely to be the capital of Saskatchewan at the time. (the choice of
Regina, or Pile Of Bones as it was then known, being a national scandal). Third, my 'Great Saskatchewan' is a constitutional
monarchy.
Why might the British, assuming they still control the teratory in this TL, have decided to create, or allow such a nation to be
created? One person I spoke to suggested it might have been done to make a buffer between British and Russian teratory. Is this
feasible in the early to mid 19th century? What would be the most likely name for such a nation? How successful would it be,
assuming it was left in peace long enough to develop? What would be the most believable way to give such a country a monarch?
I'm the first to admit my geography is awful, so any suggestions for alternative borders/capital welcome. The essential point is
that OTL Saskatchewan comprises part of this new nation. Methinks Alberta's oil would be useful in making such a nation a success.
What about a Métis/first nations confederation being at the heart of the founding of such a nation? I'm thinking of a founding
date somewhere between 1860/1880. Any thoughts/ideas/constructive criticism welcome.
 
Just a few snags. The land was claimed by the Queen, and operated by the HBC, until purchased by Canada. Is it going to still be purchased? The population of Saskatchewan was about the same as a town. I'm a little vague on how many people have to be ruled before a King is a King. Alberta oil won't be considered a benefit until they stop considering it a weed or pest. Between 1880 and 1906, Saskatchewan's population grew from 20,000 to 258,000, and became 492,000 by 1911. It was a highly segmented group, enticed by free land and nothing to lose by moving. They were looking to settle, but creating a new kingdom wasn't a factor, really. So, while Metis and indigenous peoples were shat upon, settlers settled and made perogies. It doesn't quite seem to have the ring of a great kingdom. If they weren't so darned peaceful, it had the makings of a good Yugoslavia. And you want to make the capitol in a primarily English enclave. In another time and place, this sounds like just the kind of place the Mongols were looking to conquer.
 
You can still have USA. You just need Riel and Dumont to be more successful at Fort Batoche. Blackfeet joined Riel instead of sitting on fence. Dumont cutting telegraph lines, so there would be a negotiated settlement.
 
Yes Leo, the land was sold by the Hudson's Bay company to Canada, from what I'm reading rather against the wishes of the indiginis population. Obviously in order for this indipendant nation to exist at all, then the land must not be sold to Canada, unless we hypothesise some kind of later revolution.

Yes doing it with the USA is possible, this is what happens in French Trafalgar, British Waterloo linked to above, and the idea in this timeline is that Louis Riel succeeded through diplomacy in convincing the British government to side with him instead of with Canada. However the POD which creates my world is the failure of the American revolution. So what we need to get this other nation created is some political twists and turns that mean it's in Britain's interests to create such a state, and to give the Métis and local populations a fairer deal. So either something along the lines of a more successful red river rebellion, leading to a negotiated peace, or else Britain deciding it didn't want a huge Canada for some reason and deciding to balkanise it.
As to the monarchy, perhaps a revolutionary leader declares himself King, or perhaps as part of a settlement the new nation accepts one of the English monarch's sons as King.

On the question of Alberta's oil, this doesn't have to be part of the thing straight away, the teratory could be acquired later as part of further diplomacy or through involvement in some conflict.
 
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