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Corporate News
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These links access press releases in Adobe PDF format

August 2014

August 26, 2014

  • TerraX Drills 22.42 m @ 6.35 g/t Au, Inclusive of 5.16 m @ 18.40 g/t Au, at Barney Shear Zone, Yellowknife City Gold Project

    July 2014

    July 2, 2014

  • Kivalliq Energy Announces $1.1 Million Financing

    June 2014

    June 25, 2014

  • Peregrine Provides Chidliak Project Update and Encouraging Diamond Results from the CH-46 Kimberlite

    April 2014

    April 30, 2014

  • Avalon Receives Land Use Permit to Start Pre-Construction at the Nechalacho Rare Earth Elements Project

    More press releases on
    archive page



  • Tom Hoefer, executive director of the NWT & Nunavut Chamber of Mines, says Nunavut has high mining potential. He just hopes the government can promote that fact to investors. - Stewart Burnett/NNSL Photo
    Nunavut drops in mining ranking
    Chamber, government disagree on industry promotion

    The chamber of mines and the government of Nunavut have different ideas of how well the mining sector is being promoted.
    ARROW Continued

    See also:
    News LinkRandy Turner back exploring
    News LinkInsurance won't cover spill
    News LinkPrairie Creek progresses



    Business Briefs
    Monday, February 23, 2015

    Fortune Minerals receives financing

    NWT - Fortune Minerals received an additional $5 million in financing from Lascaux Resource Capital Fund LP to provide working capital for its Revenue Silver Mine in southwest Colorado.
    The company is developing a vertically integrated gold-cobalt-bismuth-copper project in the Northwest Territories. The project comprises a proposed mine and mill that will produce a bulk concentrate for shipment to a Saskatchewan refinery for processing to high-value metal and chemical products.
    Fortune also owns the Sue-Dianne copper-silver-gold deposit and other exploration projects in the territories.

    Territories see wholesale trade growth

    NWT - The Northwest Territories saw growth of 3.5 per cent in 2014 from 2013 in wholesale trade, according to statistics just released.
    Comparatively, the Yukon saw a drop of 12.8 per cent and Nunavut crumbled 50 per cent. Canada as a whole saw a 6.4 per cent increase, aided by strong trade numbers in Newfoundland and Labrador.

    Mountain Province Diamonds announces rights offering

    NWT - Mountain Province Diamonds announced a $95 million rights offering as part of conditions to draw down its $370 loan arrangement to fund its share of the construction of the Gahcho Kué diamond mine.
    The company is a 49 per cent participant with De Beers Canada in the NWT-diamond mine.
    That project consists of a cluster of four diamond bearing kimberlites, three of which have a probable mineral reserve of 35.4 million tonnes grading 1.57 carats per tonne for a total diamond content of 55.5 million carats.

    Omilgoitok resigns from Qulliq Energy Corporation

    NUNAVUT - David Omilgoitok resigned as chair of Qulliq Energy Corporation last week, the government of Nunavut announced.
    “On Friday, David informed the government and the board that he wishes to spend more time pursuing private business interests,” said Keith Peterson, minister of finance, in a press release.
    On an interim basis, vice-chair Julie-Anne Miller will fill in for the chair position.

    Kitikmeot Corp joins Nunavut Sealink and Supply

    IKALUKTUTIAK/CAMBRIDGE BAY - The Kitikmeot Corp. has joined Nunavut Sealink and Supply Inc. as a shareholder, meaning all three regional Nunavut Inuit development firms are now NSSI shareholders.
    “By further enhancing Inuit ownership of NSSI, this helps to ensure ongoing economic benefits to the people of Nunavut,” said Bill Lyall, president of NSSI, in a press release.
    Kitikmeot Corp. is the business arm of the Kitikmeot Inuit Association.

    Nunavut wholesale trade tanks

    NUNAVUT - Preliminary wholesale trade numbers for Nunavut in 2014 saw a 50 per cent decrease from 2013.
    Total estimates put wholesale trade at $75.72 million.
    By comparison, wholesale trade estimates for Canada increased by 6.4 per cent over the same period.
    The Yukon saw a 12.8 per cent drop, while the Northwest Territories showed growth a 3.5 per cent increase.



    Market reports

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    NWT and Nunavut Mining

    This report highlights what's happening in Nunavut and Northwest Territories Mining industry.

  • Section A
  • Section B


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