The study evaluates the Government of Northwest Territories’ (GNWT) approach to reforming its mining fiscal regime, focusing on maximizing benefits from resource extraction while maintaining competitiveness. It identifies several gaps in the current analysis, particularly the lack of strategies for maximizing government revenues and an overemphasis on attracting investment rather than securing a fair share of mineral wealth. The report recommends a more comprehensive fiscal regime review, including an assessment of past government revenues, transparency, and risks such as profit shifting and tax avoidance. It also stresses the need for greater economic benefits for future generations and Indigenous communities.