Canada and Britain have reached a formal agreement on ownership of the Franklin expedition wreckage which allows the U.K. to keep all 65 artifacts already discovered by Parks Canada's diving teams. The wrecks of HMS Erebus and HMS Terror, along with any yet-to-be-discovered artifacts, will be formally transferred to Canada and the Inuit Heritage Fund. Canada will not be seeking compensation from Britain for the recovery and restoration the Franklin relics, which cost millions of dollars. The agreement ensures the historic treasures will be available to Inuit, the public and researchers in Canada and the U.K. Canada and Britain signed a non-binding deal in 1997 — before the wrecks were located — that confirmed the Royal Navy's ownership but committed Britain to transferring ownership to Canada eventually.

Source: CBC News April 26, 2018 15:00 UTC