Prospecting Assistance Grants
Highlights
This program is designed specifically for businesses like yours, offering significant financial support to help you thrive in the mineral exploration industry. By applying, you can receive up to $12,000 in grants, which can be used for essential activities such as geochemical, geophysical, and other geo-technical support. This funding helps offset the high costs associated with mineral exploration, making it a less risky investment for you.
Key Benefits:
- Up to $6,000 for traditional and grassroots prospecting.
- Up to $6,000 for air support to access remote properties.
- 60% of the grant is paid in advance, with the remainder upon project completion.
Being approved for this program not only provides financial assistance but also includes field visits and guidance from experienced program managers and departmental personnel. This support can significantly enhance your chances of discovering valuable mineral deposits, ultimately contributing to the economic growth of Newfoundland and Labrador. The application process is straightforward, ensuring that you can easily qualify and start benefiting from this opportunity.
Financing Details
Type of Financing: Grant
Repayment Terms:
- No repayment is required.
Eligible Expenses:
- Traditional and grass-roots prospecting activities.
- Geochemical, geophysical, and other geo-technical support.
- Air support (float plane or helicopter) to access remote properties.
Use of Funds:
- Up to $6,000 for traditional and grass-roots prospecting.
- Up to $6,000 for air support.
- Up to $12,000 for advanced stage projects.
Ineligible Expenses:
- Funds cannot be used for expenses outside the scope of mineral exploration and prospecting activities.
Fees:
- No fees are associated with this grant program.
Qualifications
- Must be a resident of Newfoundland and Labrador.
- Must be at least 19 years of age.
- Must be involved in independent mineral exploration activities.
- Projects must be conducted on crown land or the proponents’ registered claims.
- Eligible for grants of up to $6,000 for traditional and grass-roots prospecting.
- Eligible for up to $6,000 for air support to access remote properties.
Eligible for up to $12,000 for projects considered to be at an "advanced" stage.
Disqualifications:
- Non-residents of Newfoundland and Labrador.
- Individuals under 19 years of age.
- Projects not related to mineral exploration activities.
- Projects not conducted on crown land or the proponents’ registered claims.
Description
This program offers your business up to $12,000 in grants for mineral exploration. You can use this money for traditional prospecting activities or to access remote properties using air support.
Here’s how it works:
- Up to $6,000 is available for traditional and grassroots prospecting.
- Up to $6,000 can be used for air support, like float planes or helicopters, to reach remote areas.
- For advanced projects, you can receive a total of up to $12,000.
60% of the grant is paid upfront, helping you cover initial costs. The remaining amount is paid after you complete the project and submit a final report. This funding helps offset the high costs of geochemical, geophysical, and other essential activities, making it easier for you to explore and potentially discover valuable mineral deposits.
By participating in this program, you not only get financial support but also benefit from field visits and guidance from experts. This can significantly increase your chances of success and contribute to the growth of your business and the local economy.
Program Steps
Gather Required Documentation: Collect the necessary documents to support your application. You will need:
- Completed application form
- Detailed exploration work plan
- Property ownership agreement (if applicable)
- Supplier setup & maintenance form
- Specified help declaration form
- Any additional documents as outlined in the PA 2024 Operational Guidelines
Complete the Application Form: Fill out the PA 2024 Application Form. Ensure all sections are completed accurately and thoroughly.
Develop an Exploration Work Plan: Create a detailed exploration work plan that outlines the scope of your project. Use the sample exploration work plan as a guide.
Submit the Application: Send your completed application form, exploration work plan, and all required documentation to [email protected].
Await Initial Review: The program manager will review your application. They may contact you for additional information or clarification.
Receive Initial Grant Payment: If your application is approved, you will receive 60% of the grant amount upfront.
Conduct Exploration Activities: Carry out the exploration activities as detailed in your approved work plan. Ensure all activities comply with the guidelines provided.
Prepare Final Report: Upon completion of your project, prepare a final report using the PA 2023 Final Report Form. Include all necessary details and documentation of your exploration activities.
Submit Final Report: Send your completed final report to [email protected] for review.
Receive Final Grant Payment: After the final report is reviewed and approved, you will receive the remaining 40% of the grant amount.