Businesses, prospectors and researchers now have more support for innovative projects in the mining sector as the result of a provincial government announcement at Saint Mary’s University.
As part of Budget 2019-20, the province is increasing the Mineral Resources Development Fund by $800,000 to a total of $1.5 million. Energy and Mines Minister Derek Mombourquette opened the fund to applications in an event at Saint Mary’s on April 9.
“Mining is a globally competitive sector that creates career opportunities for our young people, while generating revenue for programs and services that benefit all Nova Scotians,” said Minister Mombourquette. “These investments make connections and develop new ideas that help our companies stay at the forefront of technology and environmental protection.”
Saint Mary’s University Professor Dr. Jacob Hanley and PhD student Kevin Neyedley received $47,500 from the fund in 2018. They are working on research and gathering geological information about how strategic minerals formed. This will help identify where deposits may be located and then extracted with minimal environmental impact.
“It is vitally important for Nova Scotians to have access to the most current scientific knowledge, gathered using cutting edge research tools,” said Dr. Hanley.
“Our research can help attract companies by reducing exploration costs for industry and reduce the impact that grass-roots exploration has on the environment through narrowing the size of mineral deposit targets,” said Mr. Neyedley.
Last year, the province supported 28 projects including mineral exploration programs, professional development, innovation, university research and training opportunities for young people.