• N.W.T. industry minister makes case for new federal mining incentives

  Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
  Date: 2026-10-15 10:00:00.0
  Tags: [National, Mining, Resources, Taxation, Industry, Economy]

  Northwest Territories Minister of Industry, Tourism and Investment Caitlin Cleveland lobbied the federal government in Ottawa to enact two new mining incentives: a 15 per cent stackable North of 60 Mineral Exploration Tax Credit for the three northern territories, and the inclusion of zinc as an eligible mineral under the 30 per cent clean technology manufacturing investment tax credit. Cleveland and N.W.T. and Nunavut Chamber of Mines CEO Paul Hébert argued these credits are essential to counter stiff global competition and revive northern mining activity amid closing diamond mines. Proponents of the PC Silver and Pine Point mines indicated that adding zinc to the clean technology tax credit would unlock projects capable of generating 1,000 construction jobs and 600 operational positions.

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• N.W.T. is 1st to contribute drill cores for national library of mineral data

  Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
  Date: 2026-10-08 11:00:00.0
  Tags: [National, Resources, Mining, Technology, Industry]

  The Northwest Territories has become the first Canadian jurisdiction to contribute drill core samples to the new Canadian Digital Core Library, a federally backed initiative supported by $40 million in funding from Natural Resources Canada. Developed by the Creative Destruction Lab in partnership with provinces, territories, and industry, the platform aims to make geological data freely available online for high-resolution scanning and artificial intelligence analysis. Donations from mining companies Valor Gold and Rackla Metals, alongside coordination by Industry Minister Caitlin Cleveland and the Northwest Territories Geological Survey, enabled the territory to pioneer the project, with at least 250,000 metres of scanned drill core slated for upload by March 2028.

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• Mountain Province Diamonds announces exit from N.W.T.'s Gahcho Kué mine

  Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
  Date: 2026-10-01 20:24:25.0
  Tags: [National, Mining, Resources, Economy, Industry]

  Toronto-based Mountain Province Diamonds announced it is relinquishing its 49 per cent ownership share in the Gahcho Kué diamond mine in the Northwest Territories, transferring full control to De Beers Canada. The restructuring agreement releases Mountain Province from all financial obligations and liabilities related to the mine while retaining an option to regain a future ownership stake. The exit follows a material decline in global diamond prices driven by tariff-related uncertainty and Middle East conflicts, which led Mountain Province to voluntarily delist from the Toronto Stock Exchange. Gahcho Kué remains the Northwest Territories' last operating diamond mine following the earlier closures of Rio Tinto's Diavik mine and the Ekati mine, with a planned closure timeline set for 2028.

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