To date, MMDF has approved 60 projects and leveraged investments of more than $61 million.
Applications are now being accepted for the next intake of the Manitoba Mineral Development Fund further facilitating economic growth, job creation and strengthening communities in northern Manitoba, the Manitoba Chambers of Commerce announced today.
“The exploration and development of minerals in Manitoba continues to move the dial and show a deliverable return on investment for the province,” said Chuck Davidson, President & CEO of the Manitoba Chambers of Commerce, and chair of the Manitoba Mineral Development Fund Board. “By investing in mineral exploration projects, we are helping mining companies explore and develop a mineral resource that fuels our provincial economy. This is especially important today as the global demand for precious metals increases.”
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 last round of Manitoba mineral development funding supported a wide range of industry-led efforts in education, training, geoscience and archaeology, as well as exploration for gold, nickel, copper, lithium and other critical minerals across our province,” said Economic Development, Investment and Trade Minister Jeff Wharton. “I welcome the upcoming intakes of new applications to the Manitoba Mineral Development Fund and look forward to seeing a continued diversity of projects that attract investment to Manitoba and strengthen the competitiveness of our mining sector.”
The Manitoba Mineral Development Fund is a $20M 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.
2023-2024 intake deadlines are:
- Sept. 5, 2023
- Nov. 7, 2023
- Jan. 9, 2024
- Mar. 7, 2024
The goal of the Manitoba Mineral Development Fund (MMDF) is to increase mineral exploration and development, support workforce and business development to strengthen the mining supply chain, advance economic reconciliation through meaningful partnerships with Indigenous communities, businesses, and the mining sector and support economic development in mining communities impacted by changes in mining activity.
“I am grateful to the MMDF for their support of Willeson and our Lynn Lake Projects. It is an excellent example of how industry and the government can work together to provide development opportunities in Manitoba for mining and mineral exploration,” said Stephanie Hart, President & CEO of Willeson Metals. “We believe that the Lynn Lake area is underexplored for gold and having the award of funds further supports the quality of our flagship, the Beaucage Gold Project.”
For more information on the Manitoba Mineral Development Fund, visit https://mmdf.ca/
Since 1931, the Manitoba Chambers of Commerce has served as the umbrella association for Manitoba’s action-oriented chamber movement. Today, with 64 local Chambers of Commerce across the province and hundreds of direct corporate members, our network comprises almost 10,000 organizations of all sizes and across all sectors. As the “Voice of Business in Manitoba,” the Chamber advocates for sustainable economic development, entrepreneurial success, vibrant communities, and a strong future. To learn more about the Manitoba Chambers of Commerce and become a member visit mbchamber.mb.ca.
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