- Business
- North Arrow Minerals Inc. (TSX-V: NAR) is a Vancouver-based mineral exploration company founded in 2007 that focuses on the discovery and development of diamond, rare earth element (REE), and lithium projects primarily in Nunavut and the Northwest Territories of Canada. The company advances a portfolio of wholly-owned and optioned properties, including the Pikoo Diamond Project (Saskatchewan), the LDG REE Project (Northwest Territories), the Phaser Gold-Copper Project (Nunavut), the Kop Gold-Copper Project (Nunavut), and the Conjuror Lithium Property (Quebec); it employs advanced exploration techniques such as bulk sampling, geophysical surveys, and till sampling to delineate kimberlite pipes, REE-enriched pegmatites, and high-grade lithium targets. Operations target resource-rich Canadian jurisdictions with world-class infrastructure access, serving institutional investors and strategic partners in the critical minerals sector.
In 2024, North Arrow Minerals expanded its REE portfolio through a strategic alliance with Rio Tinto Exploration Canada, granting Rio Tinto exclusive rights to earn up to a 75% interest in the LDG REE Project via $3.45 million in expenditures and $1.9 million in cash payments over five years; this partnership builds on prior collaboration and aims to accelerate development of high-grade monazite discoveries at the MK and Southwest zones. The company also advanced its lithium exploration with the acquisition of the 100%-owned Conjuror Lithium Property in Quebec's James Bay region in early 2025, featuring multiple spodumene-bearing pegmatite outcrops identified via till geochemistry; additionally, positive metallurgical results from Pikoo North kimberlites confirmed commercial diamond recovery potential, supporting ongoing bulk sampling programs. These initiatives reflect North Arrow's shift toward critical minerals diversification amid rising global demand, with headquarters in Vancouver, British Columbia, and no reported subsidiaries or parent entities.