Fasken’s lawyers have begun a series on the role of critical minerals in energy transition from a Canadian perspective, bringing fresh insights on issues of mining, energy, environmental, Indigenous, climate change, tax, and national security. In the first, second, third, fourth, fifth and sixth instalments of this series, we examined the role of the Canadian federal government as well as all the Canadian provinces. In this seventh and last instalment, we examine the initiatives taken by the territories: Nunavut, the Northwest Territories and Yukon.
The Government of Nunavut has released a 2020 Overview on Mining, Mineral Exploration and Geoscience .
Nunavut spans two million square kilometres. It represents 25% of Canada’s land mass. It has a population of 39,553 people and they live in 25 communities. 84 percent of the residents are Inuit. Its capital is Iqaluit.
Nunavut is Canada’s newest territory and the result of a modern treaty , which, according to the report, “provides certainty and clarity of rights to ownership and use of lands and resources within Nunavut.”
Nunavut has tremendous resource potential. Four mines have been established over the past decade in Nunavut: the Hope Bay gold mine, the Meliadine and Meadowbank gold mine complexes (all three are Agnico Eagle operations), and the Mary River iron mine (Baffinland Iron Mines). The Government of Nunavut is committed to improving public geoscience as a mean of encouraging new exploration investment.
The...
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