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Grays Bay port and road project has new proponent – Nunatsiaq News

by ahnationtalk on November 27, 202333 Views

Nov 27, 2023

West Kitikmeot Gold Corp. receives transfer of around $20M to help with permitting process

There is a new proponent pushing the Grays Bay port and road project forward.

“It’s an exciting day for us, but it’s really the first step,” said Brendan Bell, CEO of West Kitikmeot Gold Corp., an Inuit-owned exploration company.

His company recently received $20 million to help with the project’s permitting process.

The money, which comes from the federal government, originally went to the project’s former proponent, Kitikmeot Inuit Association. The association transferred the sum to West Kitikmeot Gold on Nov. 22 under the agreement that the company become the main proponent.

KIA backed out as the project’s proponent in January.

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