• Baffinland asks judge to allow sale of assets to avoid mine closure

  Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
  Date: 2026-10-05 20:07:08.0
  Tags: [National, Mining, Economy, Resources, Labour, Indigenous]

  Debt-stricken Baffinland Iron Mines Corp. has asked the Ontario Superior Court of Justice to approve the sale of its shares, assets, or the Mary River Mine on northern Baffin Island to prevent liquidation and mine closure. As of May 14, the company owed $2.6 billion to 231 creditors—including a dozen northern businesses and organizations—following creditor protection granted in May and a subsequent $660-million loan from federal Export Development Canada. The company's financial crisis was partly driven by spending more than $1.5 billion on its failed Phase 2 railway expansion proposal, which was rejected by the federal government after opposition from north Baffin communities. The potential liquidation threatens the loss of over 1,200 jobs at one of Nunavut's largest private sector employers, with a court appearance scheduled before an Ontario judge.

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• The ins and outs of the Yukon's biggest proposed mine

  Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
  Date: 2026-09-23 12:00:00.0
  Tags: [National, Mining, Resources, Environment, Indigenous, Economy]

  Western Copper and Gold and the Casino Mining Corporation are proposing the Casino mine project in the Yukon, located between Carmacks and Dawson City, with an estimated 27-year lifespan to extract approximately 4.27 billion pounds of copper, 346 million pounds of molybdenum, alongside gold and silver deposits. The project is projected to create up to 1,400 construction jobs, 700 operational jobs, and contribute roughly $1.3 billion annually to the Yukon economy while generating 25 of the 34 critical minerals designated by Ottawa. However, the project faces major regulatory scrutiny, undergoing its first-ever panel review by the Yukon Environmental and Socio-Economic Assessment Board (YESAB) due to concerns from First Nations and conservation groups over impacts on the Klaza caribou herd, fish, wildlife habitats across five First Nation territories, and risks associated with tailings dams and heap leaching.

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• N.W.T. looking to bolster critical minerals at Canada Investment Summit: Premier Simpson

  Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
  Date: 2026-09-11 10:00:00.0
  Tags: [National, Economy, Mining, Resources, Infrastructure, Indigenous]

  Northwest Territories Premier R.J. Simpson and Minister of Industry, Tourism and Investment Caitlin Cleveland will pitch half-a-dozen resource projects at the invitation-only Canada Investment Summit in Toronto, organized by Prime Minister Mark Carney to target $1 trillion in investments over five years. The delegation will showcase advanced critical mineral, gold, and silver projects—including Honey Badger Silver's Prairie Creek mine (PC Silver), the NICO Mineral Reserves mine, the Yellowknife Lithium Project, the Nechalacho rare earth mine, and the Pine Point mine development project. Furthermore, the territory is highlighting enabling infrastructure such as the Mackenzie Valley Highway and Nunavut’s Grays Bay Road and Port Project to reduce transportation costs and facilitate ethical, sustainable resource development through regulatory co-management arrangements with Indigenous governments.

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• N.W.T. looking to bolster critical minerals at Canada Investment Summit, says premier

  Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
  Date: 2026-09-11 10:00:00.0
  Tags: [National, Economy, Mining, Resources, Infrastructure, Indigenous]

  Northwest Territories Premier R.J. Simpson and Minister of Industry, Tourism and Investment Caitlin Cleveland are attending the invitation-only Canada Investment Summit in Toronto, organized by Prime Minister Mark Carney to target $1 trillion in federal investments. The N.W.T. delegation is pitching half-a-dozen advanced resource projects to global investors from the United States, Europe, Asia, and the Middle East, including Honey Badger Silver's Prairie Creek mine (PC Silver), the NICO Mineral Reserves mine, the Yellowknife Lithium Project, the Nechalacho rare earth mine, and the Pine Point mine development project. Furthermore, the territory is highlighting enabling infrastructure initiatives—such as the Mackenzie Valley Highway and Nunavut's Grays Bay Road and Port Project connecting to the Arctic Economic and Security Corridor—alongside established Indigenous regulatory co-management frameworks to lower operational costs and attract sustainable development capital.

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