Ontario Junior Exploration Program offers exploration funding for junior miners
There’s a looming global crunch for high-tech metals to feed the electric vehicle industry and not enough mines currently in production to meet that increasing demand.
The government said in a news release over a four-year period it is allocating $12 million specifically for critical mineral exploration. These minerals are used for batteries in electronic vehicles and in everyday digital technologies like cell phones. Since 2021, the province said it has committed $29 million to the program, including $12 million for critical minerals and $17 million for other commodities, like gold.
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