Canada invests in mining sector in Nunavut
Government of Canada announced an investment of over $3.8 million to the Government of Nunavut's Department of Economic Development and Transportation and the Canada-Nunavut Geoscience Office in support of geoscience research and economic development in Nunavut.
"Geoscience investment yields important data that enhances the lives of Northern Canadians. The data assists in attracting business activity, which helps create job opportunities for Northerners. The Government of Canada is committed to smart investments that expand scientific knowledge and contribute to a sustainable, diversified, and dynamic northern economy," said Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and the Minister responsible for CanNor.
The investment will involve geological research mapping of 40,000 km2 for natural resources development, permafrost studies in Western Hudson Bay and the Kitikmeot region to determine the territory's vulnerability to climate change, and studies on earthquake potential and landslide hazards in the Baffin Bay region.
"Nunavut is rich in mineral resources. We support geoscience research projects that will enable mineral exploration and mining companies to discover economic deposits that will be mined in a responsible, sustainable way to benefit Nunavummiut," said Honourable David Akeeagok, Minister of Economic Development and Transportation, Government of Nunavut.