In the Northwest Territories, we don't export anything. We are small in population. We are a resource-based economy that's dependent on the world's economic cycles. Boom and bust is an issue.
Thaidene Nëné will stabilize that boom and bust environment. It will create a stable economic environment for not only Lutsel K'e, but for the region around Great Slave Lake. It's going to be designed as a tourist destination, so that a tourist economy can be built around it. It will benefit the city of Yellowknife, the businesses that support tourism, and not only the traditional tourist providers. We are looking at providing opportunities for exchanges between our youth and the youth from the inner cities across the country, where we're going to create space inside Thaidene Nëné for them to experience nature in its glory.
For that, you need support from logistical companies. You need support from airline companies that provide the same type of support for the exploration type of work, so that it's not only stabilizing the economy for Lutsel K'e, but it's stabilizing the economy for the region in those years like we see today where there's very little investment in exploration in the Northwest Territories. Outside of the operating diamond mines, there has been no investment in the Northwest Territories from the exploration side of the economy. The mining industry, of which I've been a member, has been talking about creating certainty through the finalization of lands and resources and government agreements. We have four land claims from the Inuvialuit, the Gwich'in, the Sahtu and Tlicho. We don't see new investment in those areas from the mining industry.
We need to balance resource extraction and a conservation economy. I think we're creating that with Thaidene Nëné.