Thank you, Mr. Speaker. Mr. Speaker, my recent attendance to the Prospectors and Developers Association of Canada conference in Toronto, we witnessed considerable enthusiasm and excitement regarding new funding mechanisms to support critical mineral projects, funding specifically designed to de-risk capital investment. A joint memorandum of understanding underscored a clear message: The resource development opportunity for the North is now.

Yesterday's announcement from the Government of Canada substantiates this commitment. I refer to the $5 billion allocated to the trade diversification corridors fund and the $1 billion to the Arctic infrastructure fund. These are substantial investments targeted at addressing the infrastructure deficits that have constrained our territory's economic potential for decades.

Mr. Speaker, these funds directly address the infrastructure challenges that render resource projects prohibitively risky for private capital. These federal programs fundamentally alter that.

Mr. Speaker, the trade diversification corridors fund focuses on strengthening supply chain capacity, reviving transportation bottlenecks, and addressing infrastructure gaps that limit market access for critical minerals in the NWT entertain a conceptual approach, supplier only, and process in Canada's southern jurisdictions. The Arctic infrastructure fund addresses the unique challenges of northern development, the transportation links that enable economic development and market access, community scoping costs, Indigenous-led infrastructure solutions.

Mr. Speaker, the calls for proposals are now open. The federal government has committed substantial capital to de-risk infrastructure investments. The Northwest Territories must now bring forward the projects through the applications that will define our economic future and secure prosperity for the residents. Later, Mr. Speaker, I will have questions for the Ministers.