Title:
Pan Territorial Investment Promotion Initiative - Mining and Mineral Exploration
Agreement Number:
2425-CN-000041
Agreement Value:
$420,000.00
Agreement Date:
Apr 1, 2024 - Mar 31, 2027
Description:
The Governments of Yukon, Northwest Territories and Nunavut are receiving $420,000 (66% of total project costs) towards a three-year $630,000 pan-territorial investment promotion initiative to support mining sector development. The initiative is aimed at increasing the profile of the Canadian North’s geological endowment and investment opportunities in the territories’ mining industries, and will be done by planning and executing specific investment promotion events at a number of leading mining industry focused trade events.
Organization:
Canadian Northern Economic Development Agency
Expected Results:
As a result of this project, the Governments of Yukon, Northwest Territories and Nunavut anticipate developing internal capacity within the three territorial governments to execute trade marketing initiatives aimed at attracting domestic and foreign direct investment. Furthermore, the Governments of Yukon, Northwest Territories and Nunavut anticipate that the investment promotion events held will lead to a trackable increase in equity investments in YT, NT and NU mining and exploration companies, which will help support employment and business opportunities the mineral sector.
Location:
YELLOWKNIFE, Northwest Territories, CA X1A 2L9
Reference Number:
0780-2024-2025-Qrt2-0000004
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
107442691
Recipient Type:
Government
Recipient's Operating Name:
GNWT - INDUSTRY TOURISM AND INVESTMENT
Recipient's Legal Name:
GNWT - INDUSTRY TOURISM AND INVESTMENT
Federal Riding Name:
Northwest Territories
Federal Riding Number:
61001
Program Purpose:
Inclusive Diversification and Economic Advancement in the North (IDEANorth) makes foundational investments in economic infrastructure, sector development and capacity building to help position Northerners in the territories to take advantage of Canada's innovation economy. The IDEANorth program focuses on four priority areas: economic growth and sector development; business scale-up, productivity and innovation; small-scale economic infrastructure development; and foundational economic infrastructure.