West Kitikmeot Resources in connection with ATCO’s investment to advance Grays Bay Road and Port Project West Kitikmeot Resources in connection with ATCO’s investment to advance Grays Bay Road and Port Project

On March 23, 2026, ATCO Ltd. announced that it will provide approximately $10 million of staged investment for 40% ownership in West Kitikmeot Resources Corp. (WKR). Backed by significant Inuit ownership, WKR is the sole proponent developing the Grays Bay Road and Port Project (GBRP), a critical infrastructure project consisting of a greenfield deepwater port with access to the Northwest Passage shipping corridor, a 230-kilometre all-season road leading inland, and a 6,000-foot airstrip. GBRP is a multi-use strategic asset that has been referred to the Canadian federal government’s Major Projects Office. GBRP development is planned in multiple phases, with an expected in-service date of 2035 for the full project.

WKR is a private resource development company, with a mission to develop the Kitikmeot Region for the benefit of Kitikmeot Inuit. WKR is the developer of the Grays Bay Road and Port Project and holds mineral tenure along the Project route. WKR’s largest shareholder is an affiliate of the Kitikmeot Inuit Association, the democratically elected representative of the Inuit of the Kitikmeot Region of Nunavut.

Osler, Hoskin & Harcourt LLP advised West Kitikmeot Resources with a team consisting of Kelsey Armstrong (Corporate) and Matthew Ryan (articling student).