The business assets for Mactung tungsten deposits were purchased by the Government of the Northwest Territories in order to recover debts owed to the GNWT under the Cantung reclamation security agreement. The Government of the Northwest Territories took this approach to preserve the security originally accepted by Canada and to maximize its value.
Shane Thompson on Question 56-19(2): Cantung Mine Surface Lease
In the Legislative Assembly on February 11th, 2020. See this statement in context.
Question 56-19(2): Cantung Mine Surface Lease
Oral Questions
February 11th, 2020
Page 87
See context to find out what was said next.