Nunavut Exploration Support Program – Discover, Invest, Grow (DIG) Program
$250,000.00
Grant
Description:
The Discover, Invest, Grow (DIG) Program provides contributions to mineral exploration companies to offset eligible costs associated with conducting mineral exploration activities in Nunavut.
Comments on Funding:
The Department will contribute up to 25% of eligible expenses, up to an annual maximum of $250,000 per project application. The lifetime maximum funding is $500,000 per project. Where funding is awarded, 50% of the funding will be provided in advance of the proposed activities; the remaining 50% of funding will be withheld until the Final Report and expenses have been approved and verified by the Department.
Rolling deadline
Eligibility:
Applicants must:
1. Be Exploration companies that submit an application for areas in which they have the right to conduct exploration work, have the necessary permits, and comply with existing laws and regulations;
2. Possess a registered Canadian bank account for the transfer of contribution funds; and
3. Maximize the use of Nunavut goods and services, including direct employment (these applications will be ranked higher than comparable applications that do not);
4. Have Nunavut-based projects that meet or surpass the following thresholds:
–A drilling program of at least 500 metres (cuttings) from reverse circulation (RC) or rotary air blast (RAB) drilling or;
–A diamond drill program of at least 2,000 meters (drill core) or;
–Bulk sampling of at least 1,000 tonnes.
Application Steps:
Applicants must complete the DIG Program Application Form and submit to:
Department of Economic Development and Transportation
Minerals & Petroleum Resources Division
Building 1104A, Inuksugait Plaza
P.O. Box 1000, Station 1500
Iqaluit, NU X0A 0H0
Contact minerals@gov.nu.ca for more information.
Documentation Needed:
Applicants must:
1. Submit complete application form.
2. Submit a detailed project budget.
Other Things to Note:
Contributions are made for one (1) year per application. Exploration companies with on- going projects may apply in subsequent years however no project may receive more than $500,000 in assistance from the DIG Program over the lifespan of the project.
About the author
Maurice
