The seemingly unlimited potential of Canada’s North is evident to even the casual observer.
For anyone who has had the pleasure of visiting in person, they know the North holds far more than its “ice and eternal winter” southern-labelled stereotype.
The three northern territories encompass virtually 40 per cent of the country’s land mass – roughly the size of Europe – and appear to go on forever, with abundant wildlife inhabiting breathtaking environments and boundless scenery that spurs the imagination.
But what lies beneath the surface is equally as inspiring – an untapped geological endowment – the envy of most other countries.
Canada’s North is home to significant mineral deposits, including gemstones, precious and base metals, rare earths and critical metals that are vital to our modern lives and our communities, and to the world’s transition to a greener, renewable economy.
Unlocking its untapped mineral wealth holds much promise, and would benefit generations not just in the region, but the entire country.
Thanks to the territories’ various competitive regulatory processes, its strict and sustainable environmental operating conditions, and progressive partnerships with local Indigenous businesses and governments, this mineral wealth is now poised to be unlocked through a number of exciting mining projects.
How, you ask, does a mineral exploration or mining project from such a vast, remote and far-flung jurisdiction as the Canadian North attract the capital required to responsibly develop such a resource?
Enter Invest Canada North, a recently announced collaboration between the governments of Canada, Yukon, Northwest Territories and Nunavut, along with industry partners the Yukon Mining Alliance and NWT & Nunavut Chamber of Mines.
Invest Canada North connects global investors with the many opportunities found in the Canadian North and takes place during the Prospectors and Developers Association of Canada (PDAC) Convention in Toronto, a four-day annual gathering that is the world’s premier mineral exploration and mining convention.
The governments and industry partners have announced that Invest Canada North will be featured at PDAC for the next three years, largely thanks to a $500,000 investment from the Canadian Northern Economic Development Agency (CanNor), alongside contributions from the territorial governments and the minerals industry.
“Our government proudly supports Canadian business initiatives that respond to the unique needs of regions and communities,” says the Honourable Mélanie Joly, Minister of Economic Development and Official Languages in a statement. “(This) funding announcement is an investment for the future, promoting long term economic development that will help create quality jobs in the territories.”
Representatives of the mining industry would seem to agree with the Minister and are appreciative for the opportunity to reach a broader audience.
“We are very grateful to have the support of the Canadian and territorial governments to showcase the competitive advantages and opportunities in Canada’s North at one of the world’s biggest annual mining conferences,” says Ken Armstrong, President of the NWT & Nunavut Chamber of Mines, via the same statement.
PDAC is attended by delegates and astute investors from around the world, and Invest Canada North offers attendees the opportunity to participate in an exclusive networking reception complete with northern food, music and culture, (including the opportunity to test one’s courage with Yukon’s infamous Sour Toe Cocktail), and feature the many partners that create the North’s strong mining ecosystem.
Importantly, Invest Canada North’s one-day forum on mineral investment opportunities in Canada’s North is hosted by well-known mining experts and financial influencers, and includes a Media Centre featuring interview opportunities for mineral exploration and mining companies, government officials, Indigenous development corporations, industry partners and financial and investment experts.
“Invest Canada North connects global investors with the significant untapped mineral potential, strong geopolitical stability and progressive Indigenous and community partnerships found in Canada’s North,” says Anne Turner, Executive Director of the Yukon Mining Alliance. “We look forward to sharing the amazing opportunities the North has to offer, both during this year’s PDAC and in the months and years that follow.”
Invest Canada North March 1-4, in Toronto, Ontario. Visit their website to learn more about the exciting projects and partners: www.investcanadanorth.ca.