Managed by the Manitoba Chambers of Commerce, the Fund has Leveraged Investments of More Than $61 Million To Date
To facilitate economic growth, job creation and strong communities in northern Manitoba, the Manitoba government is providing $2.1 million to eleven mineral development projects through the Manitoba Mineral Development Fund (MMDF) as managed by the Manitoba Chambers of Commerce, Economic Development, Investment and Trade Minister Jeff Wharton announced today.
“Manitoba continues to be a world leader in responsible mineral development,” said Wharton. “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 $2.1 million conditionally approved funding will result in close to an $8.8 million in investment to support mineral exploration activities, drill programs and consulting services for community engagement.
“Mineral exploration and development in Manitoba continues to create economic benefits for the province and particularly 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 $9.8 million towards a range of mining and economic development projects across Manitoba, authorized 60 projects, created 283 short term jobs, 152 long term jobs, 152 partnerships, and leveraged investments of more than $61 million.”
The approved projects include:
- Bit Space (Flin Flon)
- Garner Gold (Lac Du Bonnet)
- King Global (Snow Lake)
- Lake Winn Resources Corp (Flin Flon)
- Major Oil & Gas (Portage La Prairie)
- New Age Metals (Lac Du Bonnet)
- NiCAN Limited (Snow Lake)
- Norway House Remote Camps (Norway House)
- Martin IOGC (Powerview Pine Falls)
- Willeson Metals (Lynn Lake)
- Wolfden Resources (Snow Lake)
“Norway House is pleased to be a recipient of the MMDF funding, which will allow for continued expansion of our capacity to support and participate in mineral exploration and mining development within Manitoba, said Norway House Cree Nation Chief Larson Anderson. “Increasing opportunities for First Nations employment and partnership in resource development will improve the relationship between the industry and those who have lived in Northern Manitoba for generations. It is appropriate for those who live in Northern Manitoba to share some benefits of resource development.”
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.
For more information on the Manitoba Mineral Development Fund, visit https://mmdf.ca/.
To see a list of funding recipients and project descriptions, visit https://mbchamber.mb.ca/wp-content/uploads/2023/05/MMDF-May-backgrounder-2.pdf