The Prospector News

Apply now for NWT’s Mining Incentive Program Funding

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

 

 

 

 

 

The Northwest Territories Geological Survey has launched the 2021-22 application period for the NWT Mining Incentive Program (MIP).

The NWT MIP provides funding to prospectors and exploration companies who propose a new exploration project or are already carrying out NWT mineral exploration work.

There was several program changes made in response to COVID-19 to the 2020-2021 MIP.   This year (2021-2022) those program changes will continue as the impacts from the COVID-19 pandemic are expected to continue to negatively impact NWT mineral exploration.

 

The key program changes for 2021-22 are:

 

  • The maximum funding for corporate projects remains at 60% of eligible expenses (up from 50% pre-pandemic).
  • The maximum funding for corporate projects is $240,000 (up from $200,000 pre-pandemic).
  • Proposals for advanced mineral exploration project will be considered for funding.
  • NWT expenses related to self-isolation, expediting, and program logistics remain eligible for MIP funding (were not eligible pre-pandemic).
  • Remote community access requires proof of community engagement and a risk assessment plan.
  • A checklist will be used to confirm applicants’ understanding of NWT public health orders.

 

In a return to the normal MIP program timeline, this year’s application deadline has been set for April 30, 2021.

For more information about the MIP and application instructions, please visit the NTGS website here:

 

 

NTGS Website

Posted February 23, 2021

Share this news article

MORE or "UNCATEGORIZED"


Stratabound to Acquire California Gold Mining Inc. to Create a Combined, Well-Capitalized, Advanced North American-Focused Gold Exploration and Development Company

Acquisition includes NI 43-101 mineral resource of 515,000 ounce... READ MORE

April 21, 2021

Omai Gold Mines announces high-grade and broad zones of gold from the first two holes at the Wenot Pit, including 16.0 meters of 9.0 g/t gold and 32.1 meters of 3.6 g/t gold

Omai Gold Mines Corp. (TSX-V:OMG) is pleased to announce that res... READ MORE

April 21, 2021

Vision Lithium Completes Private Placement for Gross Proceeds of $3.6-Million

Vision Lithium Inc. (TSX-V: VLI) (OTCQB: ABEPF) (FSE: 1AJ2) is pl... READ MORE

April 21, 2021

GoGold Drills 1,320 g/t AgEq over 1.5m within 16.8m of 306 g/t AgEq, Extending Mineralized Zone 200m to East at Casados in Los Ricos North

GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF)  is pleased to ... READ MORE

April 21, 2021

Mistango & Orefinders Announce Strategic Partnerships & Equity Investments with Kirkland Lake Gold Inc.

Mistango River Resources Inc. (CSE: MIS) is pleased to announce a... READ MORE

April 21, 2021

Copyright 2021 The Prospector News