MANITOBA MINERAL DEVELOPMENT FUND SUPPORTS
SEVEN MINERAL DEVELOPMENT PROJECTS IN NORTHERN MANITOBA
Managed by the Manitoba Chambers of Commerce, the Fund has Leveraged Investments of More Than $69 Million to Date
To facilitate economic growth, job creation and strong communities in northern Manitoba, the Manitoba government is proud to announce it is providing $1.46 million to seven mineral development projects approved through the Manitoba Mineral Development Fund (MMDF) as managed by the Manitoba Chambers of Commerce.
“Manitoba continues to be a world leader in responsible mineral development,” said Economic Development, Investment, Trade and Natural Resources Minister Jamie Moses. “I’d like to thank and congratulate the Manitoba Chambers of Commerce for identifying the latest round of funding recipients that will further Manitoba’s competitiveness in the mining sector, particularly in northern Manitoba, which will provide lasting advantages to local communities.”
The $1.46 million conditionally approved funding will result in over $8.7 million in total capital project investment to support mineral exploration activities, drill programs and consulting services for community engagement.
“Mineral exploration and development in Manitoba continue to create economic benefits for the province and for northern Manitoba,” said Chuck Davidson, president & CEO of the Manitoba Chambers of Commerce and chair of the Manitoba Mineral Development Fund Board. “Since the program launched in July 2020, the fund has approved more than $11 million towards a range of mining and economic development projects across Manitoba, authorized 68 projects, created 318 short term jobs, 167 long term jobs, 163 partnerships, and leveraged investments of $69 million.”
The approved projects include:
- Canadian Gold Corp (Flin Flon)
- Grid Metals Corp (Lac Du Bonnet)
- Leeuwin Metals (Thompson)
- Lodestar Battery Metal Corp (Snow Lake)
- Manitoba Prospectors Developers Association (Manitoba)
- T2 Metals Corp (Flin Flon)
- Town of Lynn Lake (Lynn Lake)
“I am grateful to the MMDF for their support of the William Lake Nickel Project. It is an excellent example of how industry and the government can work together to promote further investment in Manitoba for mineral exploration,” said Christopher Piggott, Managing Director of Leeuwin Metals. “We believe that the William Lake Nickel Project is a significant Nickel project within the Thompson Belt, and receiving this funding enables Leeuwin to advance our exploration efforts.”
The Manitoba Mineral Development Fund is a $20 million provincial fund, administered by the Manitoba Chambers of Commerce, that provides funding for northern economic development and mining projects that create Indigenous partnerships, increase local employment, and stimulate investment in Northern Manitoba.
The Manitoba government has committed to annual investment in the MMDF of up to six percent of tax revenues from the Mining Tax Act, which are collected at a graduated rate on profit generated by mining businesses, the minister noted.
Upcoming intake dates for MMMDF applications are November 7, 2023, January 9, 2024, and March 7, 2024.
For more information on the Manitoba Mineral Development Fund, visit https://mmdf.ca/.