Jul 21, 2021
Ontario Launching New Junior Exploration Program
< 1 MIN READ
Ontario is launching a new cost-sharing program to help junior mining companies finance early mineral exploration. Through the Ontario Junior Exploration Program (OJEP), junior mining companies can apply for up to $200,000 in funding per project to cover 50 per cent of eligible costs.
The Ontario government is investing $5 million over two years in the new program, which will boost mineral exploration and support the province’s economic recovery, growth and job creation, particularly in northern and Indigenous communities.
Once open, applications will be accepted online through the Transfer Payment Ontario (TPON) website during a five-week intake period, beginning on July 26, 2021. The application process will be done in two phases, with a second call for applications in early 2022.
To be eligible for funding, applicants must meet all of the following requirements:
- Be a non-producing junior mining company registered to do business in Ontario
- Have a market capitalization of up to $100 million (or a comparable value, if a private company)
- Provide proof that they have the funds to cover 100 per cent of project costs at the time of application
- Provide a copy of a valid certificate of insurance for general commercial liability at a limit of not less than $2 million per occurrence
- Be enrolled in the Mining Lands Administration System (MLAS) and able to hold mining claims in Ontario
- Have an exploration plan and/or permit valid at the time of application and for the duration of the project (where required).
To submit a secure application, you will need a ONe-key ID. If you do not have a ONe-key ID, please register for one on the TPON website as soon as possible.
Applicants are encouraged to start preparing the necessary documents in advance, and ensure they have a ONe-key ID when applications open.
For more information, contact OJEP@ontario.ca.