Exploration Incentives
The Department offers geological and technical services to assist
companies in all stages of their exploration and development activities.
This includes geoscience information, coordination of the mine approval
process, and technical and financial support for research and development.
Junior Mining Assistance Program (NBJMAP)
Up to 50% of project costs to a maximum of $50,000 per junior mining
company per year. Read more...
Prospector Assistance Program (NBPAP)
Financial assistance up to $15,000 to eligible prospectors.
Read more...
Deposit Evaluation Program (NBDEP)
Up to 50%of project cost to a maximum of $100,000 per company per
project. Read more...
Prospector
Training
Introductory and advanced prospecting courses are offered periodically.
Read more...
Prospector
Promotion
This program is intended to facilitate the process of optioning New
Brunswick mineral prospects to both junior and major mining companies.
We sponsor prosectors attending either the Cordilleran Roundup in
Vancouver or the Prospectors and Developers Association Conference in
Toronto.
Advanced Exploration
Grant
This grant is intended to encourage the use of advanced technologies,
such as deep-penetrating geophysical surveys, in the search for hidden
base metal deposits in the Bathurst Mining Camp. Please see the
Press Release.
Agencies Offering
Incentives
Department of Finance
Metallic Minerals Tax Act – a deduction of 150% of eligible New
Brunswick exploration expenses for mineral-producing companies. Please
contact the Department of
Finance for further information.
Business New Brunswick (BNB)
Business New Brunswick
generates economic prosperity by partnering with stakeholders to develop
opportunities for growth, innovation and globalization. BNB offers a
wide variety of services and assistance to companies investing in New
Brunswick. These include financial and trade assistance, marketing
services, assistance for “first-time” small businesses, and advice
regarding tax incentives for investment in New Brunswick companies. BNB
places a high priority on value-added products (processing and
manufacturing), quality and job creation.
Atlantic Canada Opportunities Agency
This federal agency
offers direct financial support to industry.
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