 The Kitikmeot Region – a vast area covering the central arctic  447,727 km 2 = 4.5% of Canada’s total land mass  Larger than Newfoundland and Labrador 2

Photo Credits Zainab Moghal  Approximately 6,000 people living in 5 communities  90% are Inuit  A young and growing population  We speak Inuktitut and Inuinnaqtun 3

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Photo Credit: Library and Archives Canada 5

Photo Credit: Newmont Mining Corporation Photo Credits: LCG Russ 6

 The NCLA was a “game changer” for economic development in the Kitikmeot Region, providing: 1. Land base 2. Mandatory Inuit Impact and Benefit Agreements (IIBAs) 3. Government procurement incentives 4. Core funding to KIA for capacity building and investments 7

 KIA owns and manages 106,360 km 2 of Inuit Owned Land (IOL)  KIA charges rent and aggregate fees to land users such as mining companies  Subsurface royalties administered through NTI 8

 Before any “Major Development Project” can proceed, an IIBA must be negotiated  IIBAs may contain provisions for:  Inuit employment  Training  Cash transfers – fixed payments and/or revenue- sharing  Inuit business and contracting opportunities 9

 KC is the ‘business arm’ of the KIA  KC has established business subsidiaries and Joint Ventures 10

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12 Stage 4 Stage 3 Stage 2 Stage 1 Increasing benefits Equity Ownership in Resource Projects Regional Infrastructure Ownership Provide Goods & Services Receive Economic Rent

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1. Build a strong team 2. Find committed partners 3. Resourcing is important 4. Remain committed to your objective 14

 Be Realistic and Adaptable!  Raising capital for investment in resource projects is easier said than done  To generate the capital required for equity investment, a more modest and realistic business strategy had to be developed  In response, two business lines have been created:  NRC-Infrastructure  NRC-Exploration 15

 Work with resource developers to develop regional infrastructure  Access third-party debt and equity, and industry and government funding  Finance feasibility studies and infrastructure development  User fees or lease-back arrangements & dividends to owners 16

 Mineral exploration is risky  Can provide unparalleled benefits if a successful  NRC-X will form strategic partnerships to explore the Kitikmeot Region and beyond 17

 Equity ownership is a long-term objective  In the meantime, NRC-I and NRC-X have the potential to grow over time  However, success is not guaranteed and risk is significant 18

CHARLIE EVALIK President Kitikmeot Inuit Association Box 18 Cambridge Bay, Nunavut XOB OCO (867)