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Finance & Taxation

PDAC Research Paper Advocates For Long Term METC Extension

Mining is a strategic industry for Canada, and exploration, as its research and development phase, is its driving force. A number of financial challenges currently facing the industry are impacting the ability of the junior companies that conduct exploration to raise the capital their projects require. The PDAC has recommended to the federal government that the 15% Mineral Exploration Tax Credit should be renewed. We also believe the mining industry would benefit from longer-term stability, which can be achieved at this time by lengthening the METC approval period from its current one-year time frame to three years. METC has become the life-blood of the exploration industry. It has been in place for twelve years, and has become an integral part of the “Super” Flow-Through system for grassroots exploration which supports the junior mining industry. Read more in this in depth research paper.