TORONTO, March 31, 2025 (GLOBE NEWSWIRE) -- PDAC was encouraged to see a two-year extension of the Mineral Exploration Tax Credit (METC) announced on March 2, 2025, but legislation has not materialized. Ultimately, a long-term solution is essential to provide the certainty needed to reverse the decade-long decline in equity investment in grassroots exploration across Canada.
鈥淪ince its introduction in 2000, the METC has been indispensable to mineral exploration across the country 鈥 helping to generate billions in equity, creating jobs, supporting remote and Indigenous communities, and enabling major discoveries that feed into Canada鈥檚 broader mining ecosystem,鈥 said PDAC President Karen Rees. 鈥淔or every dollar the government forgoes, multiple dollars flow back into Canada鈥檚 economy, with rural, remote, and Indigenous communities seeing substantial benefits. Consequently, the program stands as one of the most productive federal initiatives available.鈥
Enacting a more permanent solution 鈥 through a ten-year extension of the METC, with an option to extend for an additional 10 years at the halfway point 鈥 will give 春色直播 companies a competitive edge and provide domestic investors with much-needed fiscal certainty.
PDAC calls on the future Government of Canada to prioritize this recommendation and introduce legislation as soon as the House of Commons resumes, urging all parties to support the effort so it can reach Royal Assent without delay. To see the full list of PDAC鈥檚 recommendations for parties in the 2025 federal election, visit:
About PDACThe Prospectors & Developers Association of Canada (PDAC) is the leading voice of the mineral exploration and development community 鈥 an industry that employs more than 711,000 individuals and contributed $159 billion to Canada's GDP in 2023 according to Natural Resources Canada. Currently representing over 8,000 members around the world, PDAC's work centres on supporting a competitive, responsible, and sustainable mineral sector.
Media contactScott BarberSenior Manager, Communicationssbarber@pdac.ca 416-362-1969 x 244800-170 University Ave. Toronto ON M5H 3B3 Canada
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