ATCO Invests in West Kitikmeot Resources

West Kitikmeot Resources Corp. (WKR) today announced that ATCO Ltd. (ATCO) will provide

approximately $10 million in staged investment in WKR’s Grays Bay Road and Port Project

(GBRP or Grays Bay), in return for 40 per cent ownership in WKR.

ATCO is an established investor in ports infrastructure and operations, holding a 40 per cent

interest in Neltume Ports. ATCO also has a long-standing history and expertise in remote

northern developments and operations. ATCO’s investment demonstrates the attractiveness of the Grays Bay Road and Port Project to the private sector, and further validates the strong

economic development potential of the Kitikmeot Region of Nunavut. WKR views ATCO’s

experience in port investment and development, Northern oper

ations, Indigenous partnerships, and security infrastructure as essential to the further development of Grays Bay. WKR looks forward to drawing on this complementary experience to accelerate the development, financing, and construction of the Grays Bay project.

Read the full release below.

WKR - Media Release - Mar 23 - ATCO invests in WKR - FINAL.pdf

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