Nova Scotia Mineral Resources Development Fund (MRDF)

The Government of Nova Scotia is working to create a Mineral Resources Development Fund (MRDF) to be launched in spring 2018. It will replace the Nova Scotia Mineral Incentive Program (2012-2017). The MRDF will be designed to assist prospectors, exploration companies, and researchers in the search for new discoveries, to advance projects closer to production, and to attract investment into the province.

An Advisory Council will be constituted by the Minister of Natural Resources to include nominees from the mining and prospecting industries, and academia. The Advisory Council will provide strategic advice, guidance, and recommendations to the Department of Natural Resources regarding the structure, effectiveness, and continuing and future administration of the MRDF.

Seven funding streams

The MRDF will tentatively have seven funding streams for the 2018-2019 fiscal year:

    Prospecting and Exploration Grants: Maximum $20K
  • Supporting exploration on early-stage/grass-roots prospecting and exploration
    Shared Funding Exploration Grants: >$20K up to $200K (50/50)
  • Tier 1: >$20K up to $100K - Exploration projects that are more advanced than grass-roots exploration
  • Tier 2: >$20K up to $200K - NI43-101 compliant mineral resource definition, preliminary economic assessment, pre-feasibility or feasibility studies
    Marketing Grants
  • Promoting mineral properties at trade shows, organization of provincial mining event
    Research Grants: Maximum $90K
  • Metallurgy study research, market/commodity research and university- or college-based research on Nova Scotia mineral occurrences/deposits
    Education, Outreach, and Engagement Grants: Maximum $30K
  • Projects intended to educate and build public confidence/awareness in the mineral industry, prospector support and training, capacity building, indigenous and student education and training
    Innovation Grants: Maximum $200K
  • Innovation focused on new uses for minerals, mineral process, data processing/GIS tools, exploration tools, mining methods, and mine reclamation studies focused on mineral extraction and remediation
    Major Project Grants: Maximum $500K or higher if required
  • Regional surveys on regional exploration targets: airborne geophysical, geochemical, remote sensing, regional data compilation, equipment purchases
For more information
Diane Webber, Acting Manager of Geoscience and Information Services
902 424 3053