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(IDEX Online) - Canadian retailer Arctic Blue has bought a controlling interest in the WO Diamond Project, in Northwest Territories, where explorations are at an advanced stage.

As the new operator of the WO Joint Venture, Arctic Blue will manage the diamond marketing rights for the project.

Canadian private company Arctic Blue Diamonds has secured an 89.7% controlling interest in the WO diamond project, home to one of the country’s biggest undeveloped diamond-bearing kimberlites, DO27.

YELLOWKNIFE, NT, July 9, 2025 /CNW/ - Arctic Blue Diamonds Ltd. ("Arctic Blue"), a private NWT diamond company ... was acquired from Peregrine Diamonds Ltd., a subsidiary of De Beers Canada Inc., and ...