Prospecting Assistance Grant

Overview of the Prospecting Assistance Grant program:

The program is available to self-employed prospectors and offers two types of grants: the Regular Grant and the Advanced Grant. The Regular Grant provides up to $6,000 to cover standard exploration costs, while the Advanced Grant offers up to $12,000 for more advanced work on mineral licenses held by the applicant. Both grants also provide additional funding for air support up to $6,000 for accessing remote properties. Eligible exploration expenses include geochemical analysis, supplies, fuel, rentals, accommodations, and specialized help. The program’s goal is to support mineral development by enabling local prospectors to conduct comprehensive exploration and contribute to the province’s mining potential.

Benefits of the Prospecting Assistance Grant program:

• Financial support to offset prospecting expenses.
• Access to additional air support funding for remote areas.
• Reimbursement for costs like geochemical analysis, fuel, and accommodations.
• Opportunities for attending mineral resource conferences for knowledge-sharing.

Eligibility criteria of the Prospecting Assistance Grant program:

• Eligible applicants must:
• Be residents of Newfoundland and Labrador and at least 19 years old.
• Be independent prospectors (not affiliated with publicly listed exploration companies).
• Conduct exploration on approved Crown land or licensed mineral properties.