Ottawa gives NWT’s Nico joint venture up to $50M for spur road
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Article Excerpt
Ottawa gives NWT’s Nico joint venture up to $50M for spur road
Ollie Williams
Friday June 26, 2026 at 8:00am MT
The entrance to the Tłı̨chǫ Highway, Highway 9 to Whatì. Ollie Williams/Cabin Radio
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The NWT’s Nico mine took a significant step toward viability on Friday as the federal government said it would provide up to $50 million to help build a spur road.
The money, from a critical minerals fund, will go to a joint venture operated by Fortune Minerals and the Tłı̨chǫ Government.
Fortune calls Nico the largest bismuth deposit in the world and now considers the metal to be mine’s most …
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Jun 26, 2026