Until 2014, Ekati was a joint venture between Dominion Diamond Mines (80%), Chuck Fipke, and Stewart Blusson, the two geologists who discovered kimberlite pipes north of Lac de Gras.

[4] The first volcanic pipe found in the Lac de Gras region was the Point Lake kimberlite,[5] discovered by Chuck Fipke and Stewart Blusson who had been prospecting in the region for almost ten years, having found kimberlite indicator minerals as early as 1985.

[1] The Point Lake kimberlite was determined to be uneconomic, but its discovery precipitated one of largest staking rushes in mining history, covering most of the area between Yellowknife and the Arctic coast.

[7] As of 2024, the active operations include Sable and Misery underground with Point Lake ready to go into production as an open pits later in the year.

The mine's current annual production is estimated to be approximately 7,500,000 carats (1,500 kg; 3,310 lb) of diamonds.