Development Projects

MMG Limited (MMG) owns a number of undeveloped mineral claims in the West Kitikmeot region of Nunavut and Northwest Territories, Canada, including the Izok Corridor Project (ICP).

The ICP contains one of the richest undeveloped zinc deposits in the world at Izok and a high-grade copper deposit at High Lake. These deposits, including multiple priority prospects and untested targets, are in the highly prospective greenstone belts known as the Slave Geological Province within the Canadian Arctic. While the regional prospectivity is world class with untapped potential, the capital requirements to explore and develop the ICP are immense.

The ICP has not yet been developed, primarily due to the lack of regional transportation infrastructure, and the substantial construction costs. This has been a significant barrier to the project’s development. MMG strongly supports the development of the Grays Bay Road and Port (GBRP) – a proposed shared-use infrastructure project being developed in collaboration with Kitikmeot Inuit Association and West Kitikmeot Resources.

The project includes a 230-kilometre all-weather road through a well-known mineral rich region connecting to a deep seaport on the Coronation Gulf. It forms the northern portion of the Arctic Economic and Security Corridor extending from Alberta to the Arctic Ocean, connecting Nunavut to southern Canada.

The GBRP’s economic, community and security potential are significant, as it opens the first all-weather road and deep-water port in Canada’s Arctic. It has the potential to unlock long-term social and economic benefits for Inuit and Indigenous regions, and the country. MMG believe the most appropriate approach for the road and port infrastructure is based on shared-use facilities and the early involvement of key stakeholders.

MMG has generated an extensive regional database for the ICP which is essential for targeting in the district. Multiple drill ready targets have been defined with primary focus on known deposits and prospects.

The project is currently completing an extensive exploration program based out of an established exploration camp at Izok Lake. Exploration includes mapping, geophysics, drilling, resource development and prefeasibility design studies to develop and advance the region.

The results from the first phase of field exploration during 2025 were reported on 27 November 2025 in the media release: Izok Corridor Project Exploration Delivers Excellent Results. These successful results are expected to strengthen the projects resource base.

The next three years include over 40,000m of drilling, baseline environmental studies, and development options to advance the project aligned with the development schedule of the proposed regional infrastructure.

MMG has spent over CAD$70 million in ICP studies and on-ground exploration in the region from 2009 to 2025.

MMG’s ICP team is discussing Inuit opportunities in the ICP. MMG is committed to ensuring that involvement in the region is a catalyst for local and national benefit, not a barrier. MMG is also committed to building strong partnerships with Inuit communities and government stakeholders.

“Completion of Grays Bay Road and Port Project would help facilitate the accelerated development of this highly prospective geological region and, with it, the Izok Corridor Project. By continuing to work together with the communities in the Kitikmeot region, Nunavut, the Northwest Territories, and the Canadian Government, the massive potential held within the western Kitikmeot region can be unlocked,” said Catherine Knight, MMG’s Vice President Canada.

“The infrastructure would generate employment, business opportunities, reliable supply routes, new sources of wealth, and long-term economic growth for local communities, contributing meaningfully to the prosperity of Nunavut, the Northwest Territories and Canada. Shared value could be achieved through significant Inuit or Canadian participation in the Izok Corridor Project. MMG has been active in the region for over 15 years and is committed to maintaining a supportive role in local economic development, infrastructure planning and long-term investment in the mineral resources of the Slave Province.”

A small, dedicated Canadian MMG team is continually conducting field visits and engaging with local community members and other stakeholders to ensure all interests – and any concerns – are fully understood and considered. MMG is consulting regional stakeholders to support informed, transparent, and collaborative decision-making.

Environmental sustainability is fundamental to our operations, and wildlife conservation remains a high priority for both MMG and the ICP. Development of the ICP requires a comprehensive range of approvals, respecting and adhering to applicable regulatory requirements. Typically, the project approval process may extend over a period of five years.

From 2004 through 2013, there has been extensive engagement with stakeholders. This was paused in 2014 when the project was deemed uneconomic due to the lack of regional infrastructure. During that period, engagement included the West Kitikmeot communities of Kugluktuk and Cambridge Bay as well as the East Kitikmeot communities of Taloyoak, Kugaaruk and Gjoa Haven.  In addition, engagement was conducted with the Government of Nunavut in Iqaluit, the Government of the Northwest Territories in Yellowknife, the Tłı̨chǫ Government, the Yellowknives Dene First Nation, and the North Slave Metis Alliance.

With renewed interest in the ICP, engagement commenced again in April 2025 in Kugluktuk and Cambridge Bay, Nunavut, and has since included the Government of Nunavut, the Government of Northwest Territories, the Tłı̨chǫ Government, the Yellowknives Dene First Nation, and the City of Yellowknife.  Engagement opportunities with the East Kitikmeot communities, as well as other interested parties, are expected to begin in 2026 and continue throughout the life of the project.

MMG remains committed to engaging with knowledge holders and all those with an interest in the ICP. Collaboration and contributions from all stakeholders are essential to the success and development of the project.