Thursday, 30 June 2016
$5 million committed to the Metal Earth Project by MNDM
Ontario Supporting Geoscience Research
Initiative to Help Stimulate Mineral Development in Northern Ontario
June 29, 2016 9:00 A.M.Ministry of Northern Development and Mines
Ontario is supporting a groundbreaking research proposal that will help lead to future mining innovations and create jobs in the North.
The province's Northern Ontario Heritage Fund Corporation (NOHFC) is investing $5 million over seven years to support Laurentian University in its proposal to form a research consortium to better understand how and where base and precious metal deposits formed. This research could lead to improved success in finding ore bodies for future mining development.
Since 2003, Ontario has invested more than $1 billion through the NOHFC to more than 7,463 projects, leveraging more than $3.97 billion in direct economic activity and creating or sustaining over 28,100 jobs in Northern Ontario.
Investing in research and innovation is part of the government's economic plan to build Ontario up and deliver on its number-one priority to grow the economy and create jobs. The four-part plan includes helping more people get and create the jobs of the future by expanding access to high-quality college and university education. The plan is making the largest infrastructure investment in hospitals, schools, roads, bridges and transit in Ontario's history and is investing in a low-carbon economy driven by innovative, high-growth, export-oriented businesses. The plan is also helping working Ontarians achieve a more secure retirement.