The lake is in the transition zone between the boreal forest[2] and prairies[3] ecozones of Canada.

It lasted only one season before being abandoned and relocated to Green Lake House.

While the exact location of the trading post is unknown, it is believed to be near the spot where Meadow River flows out of the lake.

A monument was erected in Meadow Lake's Elk's Park in 1955 by the Government of Canada to pay homage Peter Fidler.

Meadow River flows generally north-east until it meets Beaver River, which flows into Lac Île-à-la-Crosse, which is a lake along the course of the Churchill River–a major tributary of the Hudson Bay drainage basin.