Budget increased to $1,000,000 for 2017-18!
About the Program
The Northwest Territories (NWT) Mining Incentive Program (MIP) provides funding to prospectors and exploration companies who propose new exploration projects or are already carrying out NWT mineral exploration work. The MIP is intended to stimulate and sustain mineral exploration activities throughout the NWT and reduce the risk associated with grassroots mineral exploration - exploration that is vital to a healthy, sustained, and productive mining industry. The MIP is an initiative of the Northwest Territories Mineral Development Strategy (MDS) and was developed in response to the findings of the Stakeholders Engagement Panel. The MIP is modelled after successful incentive programs offered by other Canadian jurisdictions.
Funding is available under the Prospector Mining Incentive Program and the Corporate Mining Incentive Program. The 2017-2018 application deadline for both programs is April 29, 2017. Eligible expenses are those incurred during the period April 1st, 2017 to March 31st, 2018.
Prospector Mining Incentive Program
Prospectors licenced to operate in the NWT can apply for up to $15,000 in funding (this amount is currently under review). For updated program information, please see the Prospector MIP Guide.
Corporate Mining Incentive Program
Mineral exploration companies licensed to operate in the NWT can apply for up to $100,000 in funding (this amount is currently under review) representing up to 50% of eligible project expenses. For updated program information, please see the Corporate MIP Guide.
MIP Contact Information
Phone: (867) 767-9211 x 63469
Mining Incentive Program
c/o Northwest Territories Geological Survey
PO Box 1320, Yellowknife, NT
X1A 2L9, Canada