At 3,733 acres, Rankin is the largest of four reserves for the Batchewana band First Nation, whose traditional territory ran north from Sault Ste. Marie (known in Anishinaabe as Bahatwing), along the Lake Superior coastline. Their total amount of land in reserves is 2,241 hectares (5538 acres). The other reserves include Whitefish Island in the Ste. Mary's River, Obadjiwon at Batchawana Bay, and at Goulais Bay. None of these areas are reserves under the 1850 Treaty by which they ceded their land to the Crown; they later vacated those lands.
The Nation purchased the Rankin property in 1939, trying to regain some of its historic territory. It was added into the reserve system in 1952 by government approval. The Nation has also maintained historic hunting and fishing rights under the Treaty. This was affirmed in the Gargantua Harbour Trial, with a ruling in 2015 in favor of the Batchawana Band First Nation being allowed to continue commercial fishing and have access to a traditional village through Lake Superior Provincial Park.