Applications Open for 2022-2023 NWT Mining Incentive Program

By Alexander Norfolk March 9, 2022
489

Yellowknife — March 8, 2022

The Northwest Territories Geological Survey (NTGS) is accepting applications for the 2022-2023 Northwest Territories (NWT) Mining Incentive Program (MIP).  The NWT MIP provides funding support to prospectors and exploration companies that propose a new exploration project or are already carrying out NWT mineral exploration work.

Changes made to the MIP to offset the negative impacts of the COVID-19 pandemic on NWT mineral exploration will remain in place for the upcoming year.

These changes include:

  • The maximum funding for corporate projects remains at 60% of eligible expenses (up from 50%).
  • The maximum funding for corporate projects is $240,000 (up from $200,000).
  • Proposals for advanced mineral exploration project will be considered for funding.
  • NWT expenses related to self-isolation, expediting, and program logistics remain eligible for MIP funding.
  • Remote community access requires proof of community engagement and a risk assessment plan.
  • A checklist will be used to confirm applicants’ understanding of NWT public health orders.

The deadline for applications is April 29, 2022.

For more information about the Mining Incentive Program and to obtain an application form, click here. Learn more about the Mining Incentive Program here or visit the NTGS website at www.nwtgeoscience.ca.

the original press release can be found on the NWT government website