The joint venture – which goes by the name Nuqsana-Pinnacle and is based in Baker Lake, Nunavut – was established in June, 2021, and represents a year of work on behalf of both organizations. The partnership also encompasses a key ambition for Pinnacle – to comprise a truly national company that engages with multiple First Nations groups throughout the Northwest Territories, Nunavut, Ontario, and Saskatchewan.
Pinnacle Business Development Specialist Gord McNeil emphasized, “We believe we have a role to play in both inclusion and training of Indigenous peoples within Canada – which we are demonstrating through our partnerships and actions. This will be a very productive relationship for both Pinnacle and Nuqsana, but again, it aligns with our philosophy of developing local partnerships and keeping money in the communities – as well as the long- term goal to educate, develop, and create employment in the community related to our business.”
Due to the remoteness of the Nunavut region, pursuing such business opportunities without the partnership would have proven extremely challenging, added McNeil. “For starters, you need a partner in the region to afford you the type of structure that aligns with government-mandated local project spending.”
As a result, and in concert with the Nuqsana-Pinnacle joint venture, Pinnacle is now NTI (Nunavut Tunngavik Inc.)-registered, an authorization which requires the federal and Nunavut governments to improve the participation of Inuit firms in the economy of Nunavut, improve the capacity of Inuit firms to compete for government contracts, and secure the employment of Inuit at a representative level in the Nunavut work force.
Additionally, while Nuqsana has long-established ties within the mining sector in Nunavut, Pinnacle sees the joint venture as opening doors beyond their own expertise in transportation and logistics services, and serving as the development of a procurement arm of the company.
“If you’ve got a mine up in this territory,” McNeil stated, “and you need oils and lubricants for your heavy equipment, we can supply that under Nuqsana-Pinnacle. If you need other commodities – consumables for the mine – we can supply that via the joint venture, which is a local company at the end of the day. So, in addition to all of the traditional services we provide moving dimensional loads between different points in the U.S. and Canada, we can now purchase equipment and related commodities and, through our partnerships and our network, ship it to port, where it would meet their sealift program for delivery to the project site.”
To that end, McNeil underscored how excited Pinnacle truly is to be a part of the joint venture. “We’re extremely proud to call Nuqsana our partner, and we’re highly motivated to better serve our existing and potential clients within Nunavut, to develop new business within the region, and most importantly, to cultivate new opportunity for the hard-working people that call it home.”
For more information, visit www.pinnaclelogistics.ca.
For further information, contact:
Principal, Vice President, Sales