Junior Exploration Assistance Program - Atlantic Canada Business Grants

Amount:

$225,000.00

Type of Program:

Grants

Description:

The Junior Exploration Assistance (JEA) Program aims to grow the mineral inventory of the Province through the discovery of new mineral districts, occurrences, prospects, and deposits. The JEA Program also aims to advance mineral discoveries through the stages of defining National Instrument (NI) 43-101 compliant mineral resources, and to enhance Newfoundland and Labrador’s competitiveness as a world class mineral exploration destination.

Comments on Funding:

1
For Grassroots Activities:

for companies not in receipt of direct and/or indirect mineral revenue: the Program will provide 75% of eligible grassroots expenditures up to a maximum of $150,000 per project on the island of Newfoundland and up to $225,000 per project in Labrador,
for companies in receipt of mineral revenue: the Program will provide 50% of eligible grassroots expenditures up to a maximum of $150,000 per project on the island of Newfoundland and up to $225,000 per project in Labrador.

2
For Non-Grassroots Activities:

for companies not in receipt of direct and/or indirect mineral revenue: the Program will provide 50% of eligible expenditures up to a maximum of $150,000 per project on the island of Newfoundland and up to $225,000 per project in Labrador,
for companies in receipt of direct or indirect mineral revenue: the Program provides 40% of eligible expenditures up to a maximum of $150,000 per project on the island of Newfoundland and up to $225,000 per project in Labrador.

When It Ends:

Ongoing

Deadline:

June 24, 2022

Eligibility:

Applicants must:

be companies primarily engaged in mineral exploration,
be registered with the Provincial Registry of Companies,
be “In Good Standing” with the Provincial Registry of Companies,
have a Supplier Number from the Department of Finance, Financial Systems Control Division,
hold the mineral rights to the lands on which the exploration is to be conducted, or have a registered agreement with the holder of the mineral rights on file with the Mineral Lands Division of the Department of Industry, Energy and Technology prior to commencing work (Mineral rights are not necessary if the work is being completed on Crown Lands open for staking, excluding Exempt Mineral Lands and/or other prohibited areas),
have received Exploration Approval from the Mineral Lands Division before the start of exploration activities.