Thank you, Mr. McLeod. Are there any more comments? Health and Social Services, capital investment expenditures, administrative and support services, not previously authorized, $110,000.

Health and Social Services, capital investment expenditures, administrative and support services, not previously authorized, $110,000.

Thank you to the committee for your patience. We'll move on to the next page. Page eight. Industry, Tourism and Investment, capital investment expenditures, economic diversification and business support, not previously authorized, negative $65,000.

Industry, Tourism and Investment, capital investment expenditures, economic diversification and business support, not previously authorized, $65,000.

We'll move on to the next page. This is on page nine: Lands, capital investment expenditures, operations, special warrants, $4.5 million. Mr. O’Reilly.

Sorry, Mr. Chair, I'm trying to do two or three things at the same time. I apologize. I didn't really understand how we were going to go through this step-by-step, but if the Minister has his notes now that would be really helpful. I'll just skip through to the second question I had which is: Are there any liabilities associated with the Mactung property? I want to preface this because I was actually at Mile 222 of the Canol Road in the summer of 1981. Amax had a camp there, and they had a trailer. I understood that there was a tote road pushed into the property in the '70s, early '80s. There was drilling going on. There was a trailer, fuel storage possibly, at the site. I'm just wondering if there are any environmental liabilities associated with that property.

Thank you, Mr. Chair.

Mr. McLeod.

Thank you, Mr. Chair. Mr. Chair,

Mactung is an exploration site. It's not a mine site, and the part of Mactung that was actively used in exploration is in the Yukon Territory. Our GNWT Department of Lands inspectors, we don't have the jurisdiction to conduct inspection in the Yukon. Any inspections would fall under the responsibility of the Yukon Territorial Government. Thank you.

Mr. O’Reilly.

I understand that a good part of the claims work is on the Yukon side, the mineral claims, but can the Minister send somebody out to the site to have a look at the Northwest Territories side to confirm that there are no liabilities and could he report that back to the Standing Committee on Economic Development and Environment?

Thank you, Mr. Chair.

Thank you, Mr. O’Reilly. Mr. McLeod.

Thank you, Mr. Chair.

I will commit to having our folks from Lands go and inspect our side of the border, and check to see if there are any liabilities, and we will report back to the Standing Committee on Economic Development and Environment.

I do appreciate the commitment there from the Minister. I just want to make sure that there aren't any liabilities there. My next question is: Was the GNWT aware that North American Tungsten had posted a $5 million promissory note as part of its financial security for the Cantung Mine?

Thank you, Mr. Chair.

Thank you. Minister McLeod?

Thank you, Mr. Chair. Mr. Chair,

when Canada signed rights to all securities held for the interests that transferred to the GNWT during devolution, the GNWT became aware that the Reclamation Security Agreement that had been approved by the INAC Minister included promissory notes that were backed by the Mactung property.

Thank you, Mr. Chair.

Thank you, Mr. McLeod. Mr. O'Reilly.

Thanks, Mr. Chair.

My next question is: After we took over the jurisdiction for securities with devolution April 1, 2014, did the GNWT take any actions to transform that promissory note into a more secure form of financial assurance? If I could just talk a little bit about that. A promissory note is just a letter saying that somebody is going to promise to pay somebody some money. A much more secure form would be something called an irrevocable letter of credit, which is issued by a chartered bank. You give that to a bank and the bank pushes the cash across the counter. That's a much more secure form of financial assurance. Did we do anything to get a more secure form of financial assurance out of North American Tungsten when we had the watch of the Cantung Mine? Thanks.

Thank you, Mr. O’Reilly. Minister McLeod.

Thank you, Mr. Chair. Mr. Chair,

the Reclamation Contract and Security Agreement is a contractual arrangement that laid out the provision of how the promissory notes would be progressively converted into cash.

Thank you, Mr. Chair.