The Manitoba Government will commit $10 million to the mining industry through a renewed partnership with the Manitoba Chambers of Commerce (MCC) and the Manitoba Mineral Development Fund (MMDF).
The renewed agreement will provide $10 million to support the mineral sector supply chain over three years. This investment allows Manitoba to capitalize on emerging opportunities among its diverse and untapped minerals and position itself as a leading destination for mining, noted Stefanson, who added the renewed agreement represents an increase in funding to support mining and mineral development initiatives by 66%.
In 2019, the Manitoba Government established the MMDF to provide funding for mining and mineral development-related projects throughout the province. Through the fund, communities and businesses, including Indigenous groups, municipalities and the not-for-profit sector, are eligible to apply for funding. To date, MMDF has allocated more than $5.4 million to 41 projects.
The funding builds on the Manitoba Government’s commitment to grow the mining industry. Recently, the government establishment of the Manitoba Permit Office to focus permit modernization efforts, in response to industry recommendations to eliminate red tape barriers in the sector.
“As we continue to recover from the pandemic and build our economy, our government is focused on attracting new investment into Manitoba’s mining sector