Denendeh Exploration and Mining Company Limited ("DEMCo") is the first-ever Indigenous-owned mining exploration business in the NWT. It plans to conduct mineral exploration activities for iron-oxide-copper-gold ("IOCG"), silver-zinc cadmium and rare earths metals. This work is split-interest and to occur on Federal Lands (contaminated sites inventory including the Silver Bear, Norex, Smallwood, and Northrim Mines) and one lease is one Territorial Lands.

The scope of work includes geophysical surveys, drone-aerial topographic surveys, geological mapping, rock and soil sampling and analyses. A camp will be set up for 15 people. Site access will be through aircraft landing at the Terra Mine airstrip or on water, and then by foot, truck, ATV, boat, snowmachine, and/or helicopter. Drilling is planned after two years of data collection and analysis.