GNWT gives $1 million to subsidize mining exploration

(Photo retrieved from Pexels).

Nineteen mining exploration projects recently got a helping hand from the Government of the Northwest Territories.

The GNWT announced it handed out just under $1 million through its Mining Incentive Program this year.

The majority of that money, about $800,000 went to mining corporations and the rest to individual prospectors.

One of the corporate recipients include Pine Point Mining, which got the maximum $200,000 for lead and zinc exploration in the South Slave.

The second highest recipient was Margaret Lake Diamonds, which got $160,000 for exploration at its Diagras property near Lac de Gras, close to the Diavik and Ekati mines.

As for individual prospectors, the maximum they can receive is $25,000. Most of them were for gold or diamond projects in the North Slave region.

Here’s the full list of recipients.

About the Author

Francis Tessier-Burns
Francis was a reporter with CKLB from January 2019 to March 2023. In his time with CKLB, he had the immense pleasure and honour of learning about northern Indigenous cultures.