The program is designed to de-risk and attract private investment for exploration leading to viable projects. I
Government has released a $4.3 million Critical Minerals Plan. The investment includes $3 million for Critical Mineral Geoscience using artificial intelligence and remote sensing technologies to speed up the collection, processing and availability of data. $1.3 million will go to the Junior Exploration Assistance Program for projects exploring for critical minerals. The program is designed to de-risk and attract private investment for exploration leading to viable projects. In this province, 34 minerals have been identified as critical in the transition to a green economy. Nickel, copper and cobalt, high-grade low impurity iron ore helps reduce greenhouse gas emissions in steel manufacturing and has the potential for further value-added activity as a green steel input. The mineral industry generated 9,000 person years of employment in 2022 and 11.5 per cent of the 2021 provincial GDP.
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