Baffinland asks judge to allow sale of assets to avoid mine closure

Baffinland is seeking court approval to sell its shares and assets, including the Mary River mine in Nunavut, to avoid liquidation. Facing $2.6 billion in debt, the company aims to prevent the mine's closure and protect over 1,200 jobs. While exploring refinancing options, the company emphasizes its commitment to safe operations and its Inuit partners.