Restore Financial Health of the Junior Sector
PDAC is calling on the Government of Canada to renew the Mineral Exploration Tax Credit (METC) to sustain capital flows for mineral exploration, the lifeblood of the mining industry. PDAC also recommends the creation of a targeted METC for remote/northern regions to encourage investors to support projects in these regions, which face costs several times higher than for comparable activities in southern Canada. To further restore liquidity to the junior exploration sector, PDAC calls for the creation of a $500 million venture capital fund for grassroots exploration and the revision of flow-through regulations. Read more