CanNor funding of $99,999 to Diamonds de Canada assists with the purchase of a laser diamond cutting machine
February 15, 2024 - Yellowknife, Northwest Territories - Canadian Northern Economic Development Agency
A diversified economy creates opportunities and prosperity for Northerners. This includes the economic benefits from renewable and non-renewable resources in the Northwest Territories, such as diamond mining and diamond manufacturing.
Today, Michael McLeod, Member of Parliament for the Northwest Territories, on behalf of the Honourable Dan Vandal, Minister of Northern Affairs, PrairiesCan and CanNor, announced that the Government of Canada is investing $99,999 towards Diamonds de Canada Ltd.'s purchase of a CT scanner-equipped Synova laser diamond cutting machine, which assists this NWT-based business in offering finished diamonds from raw diamonds mined in the territory, and help maximize the economic benefits this sector can give Northerners by keeping advanced stages of diamond refinement within the Northwest Territories.
Support for this project further illustrates the Government of Canada's commitment to supporting business scale up and economic diversification by enhancing and promoting the local diamond manufacturing industry in NWT.
