This also exists for a bearish argument. It's a proposed map...

This also exists for a bearish argument. It's a proposed map (red is limited use so more difficult) and if you look at somerset island you will see there is a small section towards the south of storm (which I believe is zones we can expand in later) which would fall under this proposal.

As far as I can tell though it's not signed into law and remains just a proposal. You can also see it would affect our new neighbors who are also exploring on the island. With BHP poking around I expect they would have something to say about such a proposal.


“Diversifying our mining sector into critical minerals is where the future is [and that is] where I see the future for Nunavut,” said Paul Budkewitsch, manager of mineral resources with the Department of Economic Development.
He’s quick to note the plan is only a draft, but acknowledges it creates “a lot of uncertainty.”The GN’s current mineral exploration and mining strategy dates back to 2009 and does not include critical minerals, but the department is planning to update it by the end of 2024.

https://nunatsiaq.com/stories/article/critical-minerals-hailed-by-gn-could-be-locked-away-by-land-use-plan/