11.57°C Vancouver
Ads

Jan 20, 2020 6:24 PM -

Feds give $500K to project to promote northern mining at annual conference

Share On

The federal government is spending $500,000 to lure investors to develop untapped mineral resources in Yukon, the Northwest Territories and Nunavut.

Yukon MP Larry Bagnell announced the initiative in Vancouver on Sunday on behalf of Melanie Joly, minister of economic development and official languages.

The Yukon Mining Alliance will use the funding to showcase the opportunities in the North at the annual Prospectors and Developers Association of Canada conference for the next three years.

Bagnell says the conference is the largest of its kind with over 1,000 exhibitors and 25,000 attendees from around the world, and this year's event will take place in Toronto in March.

He says the mining alliance will establish a key presence at the conference including a media centre, an all-day forum with information on the North and a networking event.

It's part of the Invest Canada North initiative which aims to promote the territories as attractive investment destinations and create jobs for Indigenous and northern residents.

"Mining investors from New York or London may not know about the strong Indigenous corporations we have in the North and all the assets they have to bring to projects. They may not know about the strong mining organizations we have," Bagnell says.

"They may not know about how open and welcoming the territorial premiers are ... and their governments are to mining. They may not know about the millions of acres of undeveloped mining potential they could invest in."

Yukon Premier Sandy Silver says his territory is a top-tier mining destination with rich geological potential.

"Yukon has an awful lot to offer investors," he says. "We are a geopolitically safe jurisdiction and our governments take pride in our work to forge strong, mutually respective partnerships with Yukon First Nations for the benefit of all Yukoners."

Caroline Cochrane, Northwest Territories premier, adds the north is filled with minerals that "fuel the global green economy" such as lithium and cobalt, which are used in rechargeable batteries.

"A lot of people say we should be closing down the mining sector but we can't. In fact, we need the mining sector."

Latest news

indian-foreign-secretary-calls-on-pakistan-to-address-violations
IndiaMay 10, 2025

Indian Foreign Secretary calls on Pakistan to 'address violations'

Indian Foreign Secretary Vikram Misri has just given a short briefing. He says: "For the last few hours, there have been repeated violations of the understanding we arrived at earlier this evening. "This is a breach of the understanding arrived at earlier today." Misri says India's armed forces are "giving an appropriate response" and he concludes his briefing by "calling upon Pakistan to address these violations". Pakistan has yet to comment on Misri's statement.
explosions-heard-in-jammu-kashmir-punjab-again-blackout
IndiaMay 10, 2025

Explosions heard in Jammu-Kashmir, Punjab again blackout

There are media reports of firing in Akhnoor, Poonch, Nowshera, Srinagar, RS Pura, Samba, Udhampur in Jammu and Kashmir.- 3 hours after the ceasefire between India and Pakistan came into effect at 5 pm on Saturday. "What the hell just happened to the ceasefire? Explosions heard across Srinagar," Jammu and Kashmir Chief Minister Omar Abdullah said in the post on X. At the same time, blackout has been imposed again in Pathankot, Amritsar, Bathinda, Hoshiarpur, Ferozepur and Fazilka.
india-warns-pakistan-well-act-when-needed
IndiaMay 10, 2025

India warns Pakistan, 'We'll Act When Needed'

India on Saturday said its "armed forces remain fully prepared and ready," after it reached an agreement with Pakistan to halt all military action. Speaking at a joint press conference with Wing Commander Vyomika Singh and Colonel Sofia Qureshi following the ceasefire deal, Commodore Raghu R Nair said, "we remain fully prepared and vigilant and committed to defending the sovereignty and integrity of the motherland. "Every misadventure by Pakistan has been met with strength. Every future escalation will invite a decisive response. We remain fully operationally ready to launch whatever operation
india-and-pakistan-confirm-a-ceasefire-deal
IndiaMay 10, 2025

Indian Foreign Minister Jaishankar and Pakistan's Dar confirm ceasefire

India and Pakistan have formally agreed to a ceasefire following days of heightened tensions, Dr S Jaishankar, External Affairs Minister of India and Pakistan's Foreign Minister Ishaq Dar confirmed on Saturday evening. India’s External Affairs Minister Dr S Jaishankar, in a social media post on X, says his country and Pakistan have “worked out an understanding on stoppage of firing and military action”. “India has consistently maintained a firm and uncompromising stance against terrorism in all its forms and manifestations. It will continue to do so,” he added. On the other hand, Dar
the-war-between-india-and-pakistan-is-over-dgmos-of-both-countries-will-talk-again-on-may-12
IndiaMay 10, 2025

The 'war' between India and Pakistan is over! DGMOs of both countries will talk again on May 12

There is now a ceasefire between India and Pakistan. Giving this information, Foreign Secretary Vikram Misri said that talks were held between the DGMOs of both countries at 3.35 pm today. During the talks, it was decided that both countries will immediately stop air, water and land attacks from 5 pm today. Along with this, a ceasefire has been declared between the two countries. Misri said that on May 12, officials of both countries will discuss the future strategy.
ADS
Ads

Related News

ADS
Ads