29 January 2026
Baffinland Iron Mines Corporation (Baffinland) is pleased to announce a major milestone for the Mary River Project, with the completion of Inuit consultations supporting the issuance of all key regulatory authorizations required to begin construction of the Steensby Component. These authorizations reflect years of collaborative effort with the Inuit, Federal and Territorial Governments and regulators.
“This is a defining moment for the Mary River Project,” said Jowdat Waheed, Acting Chief Executive Officer of Baffinland. “The completion of Inuit consultation, alongside a thorough environmental assessment and regulatory review, reflects years of collaboration with Inuit, governments, and regulators. With over a decade of experience in operating in the High Arctic, we are moving forward with the Steensby Component. Negotiations for the financing package are at a very advanced stage, and as soon as it is complete, construction will commence.”