MMDF: OPTIMISTIC ABOUT MINERAL EXPLORATION By Edward Suzuki, Program Manager, Manitoba Mineral Development Fund
T
he Manitoba Chambers of Commerce (MCC) is midway through a three-year agreement with the Government of Manitoba to deliver the Manitoba Mineral Development Fund (MMDF). The aim is to support strategic projects that contribute to increased mineral exploration and development, including projects that increase Indigenous participation, and sustainable economic growth in Manitoba’s mineral supply chain. Since the $20-milllion program launched
18 2023-2024 Northern Prospector
in July 2020, the fund has approved more than $9.8 million toward a range of mining and economic development projects across Manitoba, authorized 60 projects, created 283 short term jobs, 152 long term jobs, 152 partnerships, and leveraged investments of more than $61 million.
which were critical to identifying and
Sixty-five percent of the Manitoba Mineral Development Fund went to help mining exploration companies undertake geological mapping, geophysical surveys, and diamond drilling, all of
stage exploration activities. They serve
quantifying mineral resources. Many of these companies are listed on the Toronto Stock Exchange, which provides an efficient avenue to raise equity while providing investors with a regulated market for venture investments. These firms specialize in higher-risk, earlyas project generators for investors and larger producing companies, helping fill the pipeline of future mineral production.
