Mineral Resources Development Grants Awarded
Grants awarded through the Mineral Resources Development Fund support the search for new mineral deposits, help get new mining projects underway and attract investment to Nova Scotia.
Natural Resources and Renewables Minister Tory Rushton announced new grants totalling over $1.3 million for 44 projects today, October 22.
“Our mining industry plays an important role in Nova Scotia’s economy,” said Minister Rushton. “These grants help prospectors, mineral exploration companies, academics and students grow our mining sector and develop more innovative and sustainable practices in the field.”
The fund supports mineral exploration programs, university research, training and professional development.
Over the years I have come to realize that mineral exploration is a continually evolving experience despite your level of involvement in the industry. Whether it’s new minerals being sought, new exploration tools, unique ways of networking or challenges to overcome, it all takes financial support. The Mineral Resources Development Fund has allowed me to collect important new information on exploration projects which have the potential for a mineral resource discovery.
Henry Schenkels, prospector
The continued support from the program has provided us the opportunity to explore new targets for critical minerals at Bass River. We are grateful for the government’s involvement as our team works hard towards bringing economic development to rural Nova Scotia.
John Shurko, President, Spark Minerals Inc.
- since 2018, the fund has supported over 150 projects with about $4.8 million in funding
- the Mineral Resources Development Fund is an annual, application-based program
- submissions are evaluated by panels of scientists from the Department of Natural Resources and Renewables
For more information about the Mineral Resources Development Fund and the 2021-22 recipients, visit: https://novascotia.ca/natr/meb/mrdp.asp