Prospecting Assistance Grants
NL, Canada
Money for independent mineral exploration in Newfoundland and Labrador
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Mining, quarrying, and oil and gas extraction
grant_single|grantors
- Department of Industry, Energy and Technology (NL)
- Government of Newfoundland and Labrador
grant_single|status
grant_card_status|open
grant_single_labels|preview
Grants of up to $12,000 for approved projects in mineral exploration.
grant_single_labels|projects
Eligible projects and activities for the Prospector Assistance Grant include:
- Traditional and grass-roots prospecting
- Air support to access remote properties
- Projects considered to be at an “advanced” stage
grant_single|admissibleProjectsExample
$12,000
Marathon
Helicopter-supported geophysical survey in the Marathon region for potential platinum deposits
$12,000
Voisey's Bay
Geochemical surveys for nickel deposits in the Voisey's Bay area
$12,000
Yellowknife
Field visits and traditional prospecting area for diamond exploration
$12,000
Sudbury
Traditional prospecting in remote areas around Sudbury for rare minerals
$12,000
Red Lake
Advanced stage exploration of gold deposits region
$12,000
Thunder Bay
Grass-roots prospecting for base metals area
grant_single_labels|admissibility
Direct financial assistance is provided to eligible residents who are at least 19 years of age and involved in independent mineral exploration activities.
- Eligibility criteria:
- Resident of Newfoundland and Labrador
- At least 19 years of age
- Involved in independent mineral exploration activities
grant_eligibility_criteria|who_can_apply
Prospector Assistance Grants are available to eligible residents who are at least 19 years old and engaged in independent mineral exploration activities on crown land or registered claims. Eligible types of companies include:
- Individuals involved in mineral exploration
- Companies conducting mineral exploration activities
grant_eligibility_criteria|eligible_expenses
There are eligible expenses for this grant.
- Geochemical, geophysical, and other geo-technical support
- Air support to access remote properties
- Field visits and guidance from the program manager
- Other departmental personnel support
grant_single_labels|criteria
Prospector Assistance Grants have specific evaluation and selection criteria to determine eligibility for funding. Applicants are evaluated based on their project's potential, feasibility, and alignment with program objectives.
- Project potential for mineral discovery
- Feasibility of the proposed exploration activities
- Alignment with program objectives and provincial mineral development priorities
- Demonstrated need for financial support
- Applicant's experience and qualifications in mineral exploration
grant_single_labels|register
- Step 1: Review the PA 2024 Operational Guidelines
- Step 2: Fill out the PA 2024 Application Form following the guide
- Step 3: Submit the application form to MineralIncentive@gov.nl.ca
- Step 4: Await approval and notification of grant amount
- Step 5: Conduct the prospecting activities as described in the approved application
- Step 6: Submit a satisfactory final report upon completion of the project
grant_single_labels|contact
mineralincentive@gov.nl.ca
Apply to this program
Prospectors Assistance Grants Summary
Prospectors Assistance Grants provide financial support up to $12,000 for individuals engaging in mineral exploration activities in Newfoundland and Labrador. The grants aim to encourage mineral prospecting and discovery of valuable mineral deposits in the region.
Exploring the Prospectors Assistance Grants in Newfoundland and Labrador
The Prospectors Assistance Grants program in Newfoundland and Labrador offers direct financial aid to eligible residents aged 19 and above who are involved in independent mineral exploration endeavors. The grants support approved projects on crown land or registered claims, providing up to $6,000 for traditional and grass-roots prospecting activities. Additionally, a maximum of $6,000 is available for air support, enabling access to remote properties for exploration purposes.
Mineral exploration and prospecting involve significant investment risks and expenses. Prospectors often require costly geochemical, geophysical, and technical support for their activities, with uncertain financial returns. The Prospectors Assistance Grants help mitigate these costs, providing essential funding to offset the expenses associated with mineral exploration.
Successful grant applicants benefit from field visits and guidance from program managers and departmental personnel, enhancing their prospecting activities. A substantial portion of the grant amount is paid in advance, with the remainder distributed upon the satisfactory completion of the project and submission of an approved final report.
The Department of Industry, Energy, and Technology views the Prospectors Assistance Grants as vital for fostering future mineral development in Newfoundland and Labrador. The discovery and development of mineral prospects supported by these grants have a tangible and positive impact on the provincial economy, contributing to real wealth creation.
Throughout the application and grant process, recipients are expected to adhere to program guidelines and submit comprehensive final reports detailing their exploration activities. The transparency and accountability in grant management ensure that the funds are used effectively to advance mineral prospecting in the region.
For individuals seeking financial assistance to conduct mineral exploration activities and contribute to the development of Newfoundland and Labrador's mineral industry, the Prospectors Assistance Grants offer valuable support and resources. By supporting prospectors in their exploration endeavors, the grants play a crucial role in driving economic growth and mineral discovery in the province.
