Crystal Schick/Yukon News file Yukon MP Larry Bagnell announced this weekend that the federal government is providing $500,000 over three years to promote the territories at the Prospectors and Developers Association of Canada (PDAC) convention in Toronto beginning in March 2020.

Federal government earmarks $500,000 to promote mining in the North

The cash will be spent over three years at a major mining convention

The federal government is set to spend $500,000 over three years promoting the North at a major mining convention held each year.

Yukon MP Larry Bagnell announced the funding Jan. 19 during the Mineral Exploration Roundup underway in Vancouver.

The cash will go to hosting Invest Canada North at the Prospectors and Developers Association of Canada (PDAC) convention in Toronto beginning in March 2020.

PDAC is one of the top-level mining conference in the world with more than 25,000 people attending from 135 countries from around the world, Bagnell and the Yukon’s Energy, Mines and Resources Minister Ranj Pillai said in an interview from Vancouver.

It will provide “a real key position for us to tell our story”, Pillai said.

There are a number of claims staked in the Yukon, Bagnell said, but to get those claims to production will take significant investment and that’s where Invest Canada North comes in, promoting and informing investors of opportunities available in the Yukon as well as Nunavut and the Northwest Territories.

“Invest Canada North will connect global investors with the significant untapped mineral potential, strong geopolitical stability and progressive Indigenous and community partnerships found in Canada’s North,” Anne Turner, executive director of the Yukon Mining Alliance said in a statement.

“Our unique initiatives showcase each region, through keynote presentations, panels and special sessions, highlighting the leaders in exploration, development and production both during PDAC and in the months that follow.”

Over the four days of the PDAC convention in March, Invest Canada North will include a reception featuring northern food, music and culture; a session on mineral investment opportunities in Canada’s North hosted by sector experts and mining experts; and a media centre where there will be interview opportunities for mineral exploration and mining companies, government officials, Indigenous development corporations, industry partners and financial and investors.

“This strategic initiative will raise the investment profile of Canada’s North on the global stage and advance our mineral industry,” Yukon Premier Sandy Silver said in a statement.

Pillai said investors are moving towards more of a focus on ensuring environmental and social standards are in place when making mining investments and the Yukon is well positioned for that.

He pointed to strong environmental regulations in place as well as agreements in place with Yukon First Nations as examples of that. He and Bagnell noted investors may not be aware of the First Nation development corporations involved in the Yukon’s industry and this will be an opportunity to share that.

“Invest Canada North is the perfect platform,” Pillai said of sharing mining and exploration opportunities in the Yukon, describing it as a way to amplify the Yukon’s voice to bring in mining investment.

Officials will be working over the next month to prepare for the 2020 PDAC event in Toronto.

Contact Stephanie Waddell at stephanie.waddell@yukon-news.com

miningYukon

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Children’s performer Claire Ness poses for a photo for the upcoming annual Pivot Festival. “Claire Ness Morning” will be a kid-friendly performance streamed on the morning of Jan. 30. (Photo courtesy Erik Pinkerton Photography)
Pivot Festival provides ‘delight and light’ to a pandemic January

The festival runs Jan. 20 to 30 with virtual and physically distant events

The Boulevard of Hope was launched by the Yukon T1D Support Network and will be lit up throughout January. It is aimed at raising awareness about Yukoners living with Type 1 diabetes. (Stephanie Waddell/Yukon News)
Boulevard of Hope sheds light on Type 1 diabetes

Organizers hope to make it an annual event

City of Whitehorse city council meeting in Whitehorse on Oct. 5, 2020. An updated council procedures bylaw was proposed at Whitehorse city council’s Jan. 18 meeting that would see a few changes to council meetings and how council handles certain matters like civil emergencies. (Crystal Schick/Yukon News file)
Whitehorse procedures bylaw comes forward

New measures proposed for how council could deal with emergencies

A Yukon survey querying transportation between communities has already seen hundreds of participants and is the latest review highlighting the territory’s gap in accessibility. (Crystal Schick/Yukon News file)
Multiple reports, survey decry lack of transportation between Yukon communities

A Community Travel survey is the latest in a slew of initiatives pointing to poor accessibility

Mobile vaccine team Team Balto practises vaccine clinic set-up and teardown at Vanier Catholic Secondary School. Mobile vaccine teams are heading out this week to the communities in order to begin Moderna vaccinations. (Haley Ritchie/Yukon News)
Mobile vaccine teams begin community vaccinations

“It’s an all-of-government approach”

A file photo of grizzly bear along the highway outside Dawson City. Yukon conservation officers euthanized a grizzly bear Jan. 15 that was originally sighted near Braeburn. (Alistair Maitland/Yukon News file)
Male grizzly euthanized near Braeburn

Yukon conservation officers have euthanized a grizzly bear that was originally sighted… Continue reading

Mayor Dan Curtis listens to a councillor on the phone during a city council meeting in Whitehorse on April 14, 2020. Curtis announced Jan. 14 that he intends to seek nomination to be the Yukon Liberal candidate for Whitehorse Centre in the 2021 territorial election. (Crystal Schick/Yukon News)
Whitehorse mayor seeking nomination for territorial election

Whitehorse mayor Dan Curtis is preparing for a run in the upcoming… Continue reading

Gerard Redinger was charged under the <em>Civil Emergency Measures Act</em> with failing to self-isolate and failing to transit through the Yukon in under 24 hours. (Joel Krahn/Yukon News file)
Man ticketed $1,150 at Wolf Creek campground for failing to self-isolate

Gerard Redinger signed a 24-hour transit declaration, ticketed 13 days later

Yukon Energy, Solvest Inc. and Chu Níikwän Development Corporation are calling on the city for a meeting to look at possibilities for separate tax rates or incentives for renewable energy projects. (Crystal Schick/Yukon News file)
Tax changes sought for Whitehorse energy projects

Delegates call for separate property tax category for renewable energy projects

Yukon University has added seven members to its board of governors in recent months. (Crystal Schick/Yukon News file)
New members named to Yukon U’s board of governors

Required number of board members now up to 17

Yukonomist Keith Halliday
Yukonomist: Your Northern regulatory adventure awaits!

“Your Northern adventure awaits!” blared the headline on a recent YESAB assessment… Continue reading

Yukoner Shirley Chua-Tan is taking on the role of vice-chair of the social inclusion working group with the Canadian Academy of Health Sciences’ oversight panel and working groups for the autism assessment. (Submitted)
Canadian Academy of Health Sciences names Yukoner to panel

Shirley Chua-Tan is well-known for a number of roles she plays in… Continue reading

Most Read