NWT ‘closely monitoring’ Ekati insolvency proceedings – Cabin Radio

May 4, 2026

The NWT government says its “priority right now is people” as the Ekati diamond mine’s owner files for creditor protection and looks to sell it off.

Burgundy Diamond Mines subsidiary Arctic Canadian declared insolvency last week, saying it could no longer afford to pay its staff.

Some mining continues, but Burgundy is preparing to try to offload the mine in a court-supervised sale process beginning next week.