DEMCo is the NWT’s first-ever mining exploration business wholly owned by the territory’s 27 Dene First Nations. Darrell Beaulieu, DEMCo President and CEO is also head of DEMCo’s owner, Denendeh Investments Incorporated. “The Dene should be exploring and benefiting from the resources in their homeland. We believe DEMCo’s in a great position to make this happen,” says Beaulieu.
With the North’s mining industry experiencing a downturn, Beaulieu feels now is the best time to enter the industry as it allows DEMCo to build capacity and be ready for the growth brought by the inevitable turnaround. “We want to generate projects,” says Beaulieu of his long-term vision for the company. “Part of DEMCo’s vision is to create financial wealth for DEMCo and its partners, create pride of ownership for the Dene and enhance positive relations between the NWT Dene First Nations and the mining industry. We have acquired properties with great potential. Now we have to add value to the properties, which we’ll do with our partners.”