NNSL photo/graphic
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Corporate News
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These links access press releases.

Feb. 06, 2012

  • Canadian Orebodies Announces Initial NI 43-101 Iron Resource Estimate for Haig Inlet
  • Feb. 2, 2012

  • Telesat proposes $40 million investment in arctic infrastructure to expand broadband services in the north
  • Discovery Air Purchases Chilean Servicios Aéreos Helicopters
  • Smash Minerals Corp. and Prosperity Goldfields Corp. Execute Definitive Amalgamation Agreement
  • Jan. 27, 2012

  • ATCO Signs Agreement With Sakku Investments to Create Sakku ATCO Buildings & Services
  • Jan. 24, 2012

  • Manson Creek Acquires Gold Project Adjacent to 7 Million Ounce Gold Producer
  • Jan. 23, 2012

  • Sabina Gold & Silver Announces Aggressive 2012 Nunavut Work Program

  • Peregrine Announces 2012 Chidliak Program
  • Jan. 19, 2012

  • Trinity Expands corporate structure as part of long term strategic growth plan

  • Uranium North Intersects Gold at the Mallery Lake Project
  • Jan. 18, 2012

  • Peregrine reports new diamond results from two Chidliak kimberlites
  • Jan. 12, 2012

  • Exchange Income Corp. to buy Custom Helicopters Ltd. for $29 million

  • Kivalliq Energy Corporation: 2011 Prospecting Results Demonstrate Polymetallic Potential at Angilak

  • Fortune Minerals reports positive results from mini-pilot plant test at Nico

  • Uranium North Discovers New High Grade Gold and Silver Zones at Nowyak
  • Jan. 05, 2012

  • Smash Minerals Corp. and Prosperity Goldfields Corp. Announce Proposed Business Combination
  • Jan. 04, 2012

  • Titan Uranium signs Letter of Intent to sell Canadian Assets to Mega Uranium
  • Dec. 26, 2011

  • NWB issues shear diamonds a positive water license decision for jericho mine
  • Dec. 24, 2011

  • Trinity Helicopters starts full-time operations in Iqaluit
  • Dec. 23, 2011

  • Rankin Inlet Airport receives $27M investment for upgrades

  • Northquest Ltd. reports diamond drilling results from the Pistol Bay Gold Project, Nunavut, Canada - Two of three drilling targets validated

  • Tli Cho Air, Denesoline Partnership Awarded New Five-Year, $15 Million Diavik Contract
  • Dec 19, 2011

  • Kivalliq Energy Corporation: Additional High Grade Assays Reported From Eastern Extension Zone

  • Tyhee Announces Management Change
  • Dec. 16, 2011

  • Fortune Minerals Announces NICO Permitting Update
  • Dec. 15, 2011

  • Grandfield Pacific Inc. Releases Second Quarter Financial Results
  • Dec. 13, 2011

  • Discovery Air Inc. (TSX: DA.A) announces continuing strong results for its Third Quarter ended October 31, 2011
  • Dec. 12, 2011

  • Tache Group and Shear Diamonds form an alliance
  • Dec. 6, 2011

  • Aqsaqniq Airways, Medic North Nunavut Sign $30 Million Kitikmeot Medevac Contract
  • Nov. 28, 2011

  • Advanced Explorations Inc. Announces Tuktu Inferred Resource Estimate

  • IronOne Inc. Intersects 25.9% Fe Over 39.0 Metres, Including 31.2% Fe Over 15.0 Metres on the Ring Target Discovery at the Maguse River Iron Project in Southern Nunavut

  • Tyhee reports high-grade intersection from its wholly-owned Yellowknife gold project, NWT, Canada
  • Nov. 25, 2011

  • Minister Kenney Announces Increased Settlement Funding for Nunavut

  • Commander Signs $15 Million Option Agreement on Storm Copper Property

  • Advanced Explorations Discovers Nickel-Copper-Cobalt & Copper-Silver-Gold Mineralization on West Melville Peninsula
  • Nov. 24, 2011

  • Commander Signs $15 Million Option Agreement on Storm Copper Property
  • November 22, 2011

  • Merc International reports NWT Gold Results as high as 65.35 g/t over 3m
  • November 21, 2011

  • Elgin Mining commences drilling at the Lupin Gold Mine

  • Sabina Announces Increase in Resource Estimate for Back River Gold Project, Nunavut
  • November 16, 2011

  • Wallbridge Mining Acquires Booth River Nickel-Copper-PGE Property in Nunavut
  • November 14, 2011

  • Sabina Gold & Silver Announces Q3 2011 Financial Results
  • More press releases on
    archive page


    NNSL photo/graphic

    Don Bubar, director, president, and CEO of Avalon Rare Metals Inc., said attendance was good at the junior exploration company's annual general shareholders meeting on Jan. 26. - NNSL file photo
    High turnout at Avalon AGM

    Shareholders crowded the room for Avalon Rare Metals Inc.'s recent annual general meeting, eager to hear the latest on the junior exploration company's flagship Nechalocho rare earths project. ARROW Continued

    See also:
    News LinkHope Bay put on hold
    News LinkNew NorthwesTel chair no stranger to competition
    News LinkHappy to be back in retail
    News LinkLooking to work in the mines


    Business Briefs
    Monday, February 6, 2012

    Major bandwidth upgrades proposed

    NWT/NUNAVUT - Telesat is proposing a $160-million infrastructure expansion that the satellite service provider says will more than double the satellite bandwidth available for broadband in the North.
    The company announced last Thursday it is prepared to invest 25 per cent, or about $40 million of the total cost, to provide the satellite bandwidth and ground segment upgrades over the next 10 years.
    If approved, the so-called Arctic Communications Infrastructure Initiative could be implemented within one year, a Feb. 2 news release stated.
    "(Telesat) is deeply committed to ensuring that Northern communities have access to a broadband communications infrastructure that is on par with that which exists in Southern Canada," vice-president of business development Paul Bush said, adding the initiative will provide "urgently needed network redundancy in every Northern community."
    The proposal comes in response to the Arctic Communications Infrastructure Assessment Report published last year, which found "a growing gap between the level of service available in the North versus the South," a severe shortage of affordable bandwidth and frequent network outages suffered by all territories.

    Logistics joint-venture formed

    KIVALLIQ - Sakku Investments Corp., the development arm of the Kivalliq Inuit Association, has signed a joint-venture agreement with ATCO Structures and Logistics.
    The agreement, signed during a ceremony at the Mineral Exploration Roundup conference held in Vancouver Jan. 28-31, creates Sakku ATCO Buildings and Services. The new company will pursue resource development and infrastructure construction in Nunavut, a Jan. 27 news release said.
    "ATCO's partnership with Sakku is a tremendous opportunity for both companies," stated Boris Rassin, ATCO executive vice-president of business development. "Together we will offer economical infrastructure solutions to the companies developing Canada's North, while working to create long-term business and employment opportunities for the Inuit people."
    Sakku president and CEO Patrick Tagoona noted ATCO's 60 years of experience in construction and workforce camp operation will allow beneficiaries to share the wealth of the land "while providing necessary services to the mining industry."
    ATCO Structures and Logistics is part of the ATCO Group of Companies, which has more than 8,000 employees and assets of about $12 billion.

    Airship competition launched

    SOMBA K'E/YELLOWKNIFE - Discovery Air Inc. subsidiary Discovery Air Innovations is holding a Hybrid Air Vehicle student paper competition.
    The event, in partnership with the Canadian Transportation Research Forum, is to be the first in an annual tradition, the company said in a news release last Monday. "Heavy Lift Hybrid Air Vehicles are a promising technology for the future with significant application in circumstances such as humanitarian missions where conventional modes of transportation may not be feasible," stated Stephen Newton, Innovations director of business development. "Getting students involved in the developmental phase of this technology is essential for the future of this technology."
    The deadline for the 2011-2012 competition is March 31. It is open to all full-time university graduate students and offers prizes up to $500.
    The company announced last summer its plans to bring a developing line of heavy-lift, blimp-like air vehicles to the North by 2014, in a deal signed with UK-based lighter-than-air aircraft manufacturer Hybrid Air Vehicles Ltd.
    Meanwhile Discovery Air subsidiary Great Slave Helicopters Ltd. announced the completion of its purchase of Servicios Aereos Helicopters in Chile on Feb. 2. Shares of Yellowknife-based Discovery Air Inc. closed at $3.85 Thursday on the Toronto Stock Exchange, $0.09 higher than the day of the purchase announcement.

    Commentary

    NNSL photo/graphic
    Setting up shop in Iqaluit by the spring
    In ongoing efforts to develop capacity in the Northern construction sector, the NWT & Nunavut Construction Association is planning to open an office in Iqaluit by the spring of 2012, to provide better service for its members. See: Phil Moon Son
    Andy Wong
    Be aware of changes
    Heads up folks, here are a few cosmetic changes appearing on your 2011 income tax return.There is a new Children's Arts Tax Credit (CATC) worth up to $75 in federal tax savings per child who was enrolled in a prescribed program, i.e., an artistic, cultural, recreation, or developmental activity. See: Andy Wong

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  • 2012 Trade shows and conferences

    Northern Lights Trade show
    • Where: Ottawa, ON
    • When: February 1-4, 2012
    Kitikmeot Trade Show
    • Where: Cambridge Bay, NU
    • When: February 13-15, 2012
    Nunavut Mining Symposium
    • Where: Iqaluit, NU
    • When: April 16 to 19, 2011
    Yellowknife Trade Show
    • Where: Yellowknife, NWT
    • When: May 12 - 13
    Inuvik Petroleum Show
    • Where: Inuvik, NWT
    • When: June 18 and 20, 2011
    Business, Home & Leisure Show
    • Where: Hay River, NWT
    • When: September 2012
    Nunavut Tradeshow
    • Where: Iqaluit, NU
    • When: September 2012, 2011
    Meet the North Tradeshow
    • Where: Edmonton, AB
    • When: October 3 - 5, 2012
    NABA tradeshow and Conference
    • Where: Yellowknife, NWT
    • When: October, 2012
    NWT Tourism Conference & AGM
    • Where: Yellowknife, NWT
    • When: October, 2012
    Kivalliq Tradeshow
    • Where: Rankin Inlet, NU
    • When: October, 2012
    NWT & NU GeoScience Forum
    • Where: Yellowknife, NWT
    • When: November, 2012