Grants and Contributions:

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Title:

High-Resolution Airborne Geophysical Survey for Critical Minerals

Agreement Number:

2425-CN-000026

Agreement Value:

$600,000.00

Agreement Date:

Jun 27, 2024 - Mar 31, 2026

Description:

The Government of the Northwest Territories Department of Industry, Tourism and Investment (GNWT-ITI) is receiving $600,000.00 to complete a one-year project to complete a high-resolution airborne geophysical survey for critical minerals near Yellowknife, Northwest Territories.

Organization:

Canadian Northern Economic Development Agency

Expected Results:

The project work plan activities will result in a product well suited for critical mineral exploration. As a result of this project, both the geophysical surveys and the additional research, will allow mineral exploration companies to target critical minerals with greater efficiency and effectiveness. It is anticipated that the diverse suite of critical minerals in the study area could drive critical mineral exploration through several cyclic commodity booms, and the anticipated deliverables of this proposal have broad utility to lower exploration risks and increase discovery rates across these diverse mineral opportunities.

Location:

YELLOWKNIFE, Northwest Territories, CA X1A 2L9

Reference Number:

0780-2024-2025-Qrt3-0000017

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:

IDEANorth

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.