Following the first Canadian Mining Symposium in London, UK on May 9, British and European mining and investment companies have a better understanding of the opportunities and realities that exist in the Northwest Territories (NWT).
The Government of the Northwest Territories’ (GNWT) Department of Industry, Tourism and Investment (ITI) was represented by Pamela Strand, Assistant Deputy Minister, Mineral and Petroleum Resources at the symposium. Pamela took part in a panel discussion titled Canada's Northern Frontier: A deeper look at the Far North provinces and territories from a regulatory, economic and geological perspective.
“The NWT has huge expanses of unexplored land, enormous mineral potential and a skilled workforce. Now, we need to attract investors and exploration companies. The Canadian Mining Symposium was a chance for the NWT’s public and private sectors to increase awareness and understanding of the mining opportunities in the NWT,” Pamela says.
Several companies with NWT-based projects also took part in the event, including Nighthawk Gold, Canadian Zinc Corporation and Fortune Minerals.
The event drew roughly 250 top institutional and high net worth investors and mining firms. The event was hosted by The Northern Miner, a Canadian-based mining publication, and the Prospectors and Developers Association of Canada and was hosted as part of Canada’s 150th birthday. It is recognized as an event that offers the most comprehensive view on Canada’s role as a global leader in mining.
Through promoting the NWT’s resource sector at events such as the Canadian Mining Symposium, ITI is working to fulfill its mandate commitment to attract foreign direct investment in minerals.