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Ulukhaktok (Holman) is located on Victoria Island at 70°43°N and 117°45°W, 925 air km north of Yellowknife, 507 air km northwest of Cambridge Bay, and 322 air km north of Kugluktuk.

Ulukhaktok (Holman Island) is a traditional home of the Copper Eskimos. Franklin was the first European to visit the area, and Collinson soon followed in search of the lost Franklin expedition. Habitation of the island was first reported by Steffanson in 1911 when two villages were sited. The Hudson Bay Company post opened in 1940 and the Holman Eskimo Cooperative was formed in 1961.