Kitikmeot Corporation is not directly involved in mining and exploration in the Kitikmeot Region of Nunavut, but rather, indirectly involved through the provision of services to the industry. In fact, the latter occurs via certain of our joint venture companies that participate in this sector (please refer to the listing below).
Because Kitikmeot Corporation's investment policy requires that we 'safeguard' the investment capital of the Inuit beneficiaries of our Region, a direct investment in an exploration company, for example, would not be possible. However we recognize that the industry is growing rapidly, especially in our Region, and we want to be an active participant. We achieve this by being a service provider, as opposed to a direct investor.
Mining and exploration in the Region is currently our fastest growing industry, and the one with the most potential to provide training and employment opportunities for the Inuit of the Kitikmeot. And given the technological advancements that have occurred in the industry, the spectrum of employment opportunities now spans a much wider range, including positions that require advanced computer technology skills and solid mechanical and/or industrial training. In many ways, the sector offers our beneficiaries a number of very ideal employment opportunities.