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

Dawson the dog sits next to the Chariot Patrick Jackson has loaded and rigged up to walk the Dempster Highway from where it begins, off the North Klondike Highway, to the Arctic Circle. (Submitted)
Walking the Dempster

Patrick Jackson gets set for 405-kilometre journey

Liberal leader Sandy Silver speaks outside his campaign headquarters in Dawson City following early poll results on April 12. (Robin Sharp/Yukon News)
BREAKING: Minority government results will wait on tie vote in Vuntut Gwitchin

The Yukon Party and the Liberal Party currently have secured the same amount of seats

Yukonomist Keith Halliday
YUKONOMIST: The Neapolitan election

Do you remember those old bricks of Neapolitan ice cream from birthday… Continue reading

Chief Medical Officer of Health Dr. Brendan Hanley. (Crystal Schick/Yukon News)
Exposure notice issued for April 3 Air North flight

Yukon Chief Medical Officer of Health Dr. Brendan Hanley has issued another… Continue reading

Crystal Schick/Yukon News file
Runners in the Yukon Arctic Ultra marathon race down the Yukon River near the Marwell industrial area in Whitehorse on Feb. 3, 2019.
Cold-weather exercise hard on the lungs

Amy Kenny Special to the Yukon News It might make you feel… Continue reading

lwtters
Today’s Mailbox: Rent freezes and the youth vote

Dear Editor, I read the article regarding the recommendations by the Yukon… Continue reading

Point-in-Time homeless count planned this month

Volunteers will count those in shelters, short-term housing and without shelter in a 24-hour period.

The Yukon’s new ATIPP Act came into effect on April 1. Yukoners can submit ATIPP requests online or at the Legislative Assembly building. (Gabrielle Plonka/Yukon News file)
New ATIPP Act in effect as of April 1

The changes promise increased government transparency

A new conservancy in northern B.C. is adjacent to Mount Edziza Provincial Park. (Courtesy BC Parks)
Ice Mountain Lands near Telegraph Creek, B.C., granted conservancy protection

The conservancy is the first step in a multi-year Tahltan Stewardship Initiative

Yukon RCMP reported a child pornography-related arrest on April 1. (Phil McLachlan/Black Press file)
Whitehorse man arrested on child pornography charges

The 43-year-old was charged with possession of child pornography and making child pornography

Team Yukon athletes wave flags at the 2012 Arctic Winter Games opening ceremony in Whitehorse. The postponed 2022 event in Wood Buffalo, Alta., has been rescheduled for Jan. 29 to Feb. 4, 2023. (Justin Kennedy/Yukon News file)
New dates set for Arctic Winter Games

Wood Buffalo, Alta. will host event Jan. 29 to Feb. 4, 2023

Victoria Gold Corp. has contributed $1 million to the First Nation of Na-cho Nyak Dun after six months of production at the Eagle Gold Mine. (Submitted/Victoria Gold Corp.)
Victoria Gold contributes $1 million to First Nation of Na-cho Nyak Dun

Victoria Gold signed a Comprehensive Cooperation and Benefits Agreement in 2011

Most Read