Business
ATCO Invests in West Kitikmeot Resources to Advance Grays Bay Road and Port Project and Link Canada to New Global Markets
ATCO Invests in West Kitikmeot Resources to Advance Grays Bay Road and Port Project and Link Cana...
About this update from Atco Ltd. Class I
[{"type":"text","content":"\n\n\nATCO Invests in West Kitikmeot Resources to Advance Grays Bay Road and Port Project and Link Canada to New Global Markets\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n\n\n\n\n\n\nCanada NewsWire\n\n\nThe Grays Bay Road and Port Project will strengthen Canada's Arctic Sovereignty and enhance economic development.It is an integral part of Canada's ambitious plan to defend, build, and transform the North.CALGARY, AB, March 23, 2026 /CNW/ - ATCO Ltd. (TSX: ACO.X)ATCO Ltd. today announced that it will provide approximately $10 million of staged investment for 40 per cent ownership in West Kitikmeot Resources Corp. (WKR). Backed by significant Inuit ownership, WKR is the sole proponent developing the Grays Bay Road and Port Project (GBRP), a critical infrastructure project consisting of a greenfield deepwater port with access to the Northwest Passage shipping corridor, a 230-kilometre all-season road leading inland, and a 6,000-foot airstrip. GBRP is a multi-use, strategic asset that has recently been referred to the Canadian Federal Government's Major Projects Office. GBRP development is planned in multiple phases, with an expected in-service date of 2035 for the full project.\"Investing in essential housing, energy and defence infrastructure that enables economic growth and prosperity is central to ATCO's long-term strategy. This project broadens our port and logistics assets, connecting northern resources to global markets. Together, our investments are building a diversified portfolio positioned to support long-term development and deliver durable value. Alongside WKR and with Inuit and government stakeholders, we are proud to be a strategic partner in this visionary project, to make it a reality and cement the importance of Canada's northern territories in national security and identity.\" Katie Patrick, Chief Financial and Investment Officer, ATCO\"WKR is thrilled to welcome ATCO as a major investor in our company, joining our Kitikmeot Inuit shareholders. They bring deep experience in northern infrastructure, port op...