Mineral Exploration Program (YMEP)

Overview of the Mineral Exploration Program (YMEP) program:

The Yukon Mineral Exploration Program (YMEP) provides financial support to prospectors and companies conducting early-stage exploration in the Yukon. This program is designed to encourage exploration activities that can lead to the discovery of new mineral resources in the region. By providing funding for grassroots exploration, YMEP aims to stimulate economic growth and attract further investment into Yukon's mining sector.

Benefits of the Mineral Exploration Program (YMEP) program:

• Financial Support: The program offers up to 50% reimbursement of eligible expenses, reducing the financial risk for explorers.
• Encouragement of Innovation: By supporting early-stage exploration, the program fosters innovation and the discovery of new mineral deposits.
• Economic Growth: Successful exploration can lead to the development of new mines, boosting the local economy and creating jobs.
• Attraction of Investment: YMEP can help attract additional private investment into the Yukon by reducing the upfront costs for exploration companies.

Eligibility criteria of the Mineral Exploration Program (YMEP) program:

• Applicants must meet the following requirements:
• Individuals must be nineteen years of age or older (defined as the age of majority in Yukon), and a Canadian citizen or landed immigrant;
• Companies must be registered to do business in Yukon, or be funding the work program on claims that have been optioned or joint-ventured to companies registered to do business in Yukon; and
• Contractors involved in the project must be legal entities in good standing with the right to contract in Yukon.
• Applicants must also:
• Have a Canadian mailing address;
• Be eligible to stake mineral claims in Yukon as governed by the Yukon Quartz Mining Act;
• Have a prospecting or exploration target for any of the mineral commodities defined in the above legislation; and
• Submit a completed Application for Funding form and Prospecting or Exploration Proposal to work on Yukon lands where they have the legal right to prospect or conduct exploration (e.g., Crown land, staked or leased ground, etc.).