Opinion: NWT is rich in critical minerals, but its economy faces neglect and inadequacy

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NWT is rich in critical minerals, but its economy faces neglect and inadequacy

We stand at a critical juncture for the Northwest Territories.

These deficiencies undermine our competitiveness in attracting investments while simultaneously hampering our ability to meet the needs of NWT residents, communities and businesses. The cost of living remains high, we are reliant on air travel between communities and our resources need help to reach the market.

Furthermore, such investment from Canada would foster continued resource development within the territory, yielding dividends for all Canadians, thanks to our profit-based royalty structure in the NWT.loom over the NWT, directly affecting traditional activities vital to Indigenous communities – activities such as hunting, trapping and fishing.

 

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