Nunavut, Yukon exploration rising, NWT not so much CanadiansInvest stocks energy tech biotech industry
VANCOUVER – The latest Federal statistics from Natural Resources Canada show exploration expenditures are projected to see significant upturns in many jurisdictions, including Nunavut and Yukon, and Canada overall. The NWT is on a smaller trajectory, as is its share of Canadian exploration spending. NRCan’s “” released today provides annual 2021 and revised 2022 spending intentions, as per: for 2022 compared to updated 2021 expenditures: $92.3 million in NWT, a $16.9 million increase from $75.
“While exploration in the north has made a positive shift in recent years the North is still not seeing the push towards critical minerals as incented by the federal exploration tax credit.” said NWT & Nunavut Chamber of Mines President, Kenny Ruptash. “Our Chamber continues to join with all 3 Territorial Governments on the creation of an exploration tax credit for all minerals in northern Canada dubbed the North of 60 Mineral Exploration Tax Credit .
Except for declines in New Brunswick and Quebec, all jurisdictions witnessed increases in spending intentions for 2022, with notable increases seen in Nunavut and Manitoba.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Yukon legislature unanimously approves Truth and Reconciliation Day as stat holidayThe Yukon bill also recognizes the genocide of Indigenous Peoples through federal policies including forced attendance at residential schools
Read more »
Tuberculosis cases more than doubled in Nunavut in 2021Active infections in 2021 increased by 77, but officials are holding back data from some communities
Read more »
Turnover creates tumult and opportunity for Canadian bobsleddersA combination of retirement, injury, sabbatical and suspension has created both havoc and opportunity for Canada’s national bobsleigh teams.
Read more »
Feds file judicial review of $40B Indigenous child-welfare settlement - Terrace StandardTribunal’s finding threw the landmark settlement — the largest in Canadian history — into question
Read more »
VEZINA: Government fumbled its way into invoking the Emergencies ActEither the Canadian government or its national security infrastructure are incompetent.
Read more »
Canadian fans inspired despite team's loss in first World Cup appearance since 1986Even though the Canadians lost 1-0 to Belgium, many fans who gathered at watch parties across the country said they were inspired by the team's performance.
Read more »