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Canada wants to strengthen mining industry

At the world's leading mining event, PDAC, Canada promised to strengthen the mining industry, make things easier.

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The Prospectors & Developers Association (PDAC) was held in Toronto from March 3 to 6. The aim of the PDAC is to promote mine exploration and development. More than 1,000 exhibitors, thousands of investors and participants from over 130 countries met. Canada is particularly open to mining and wants to reduce investment barriers, among other things.

The Minister of Energy, Development and Mines, Greg Rickford, announced a special working group on mining. The focus is on bureaucracy reduction and the promotion of mine development, as well as innovations and partnerships with indigenous peoples. All this should also ensure greater competitiveness.

Support to the mining industry includes in particular the recent extension of the Mineral Exploration Tax Credit by five years. This is a tax credit designed to help exploration companies raise equity.

In Ontario, for example, there is Treasury Metals with its Goliath gold project - It is estimated that about 1.3 million ounces of gold lie in the ground here. The project scores with near-surface gold mineralization and world-class infrastructure. Treasury Metals operates the approval process with the participation of the Eagle First Nation, the local residents.

TerraX Minerals  - - is also working on its high-grade Yellowknife City gold project in Canada, in the Northwest Territories, where mining conditions are also excellent. With a new land permit, TerraX Minerals can now drill anywhere on its 783 square kilometre property located on the Yellowknife Greenstone Belt.

Current corporate information and press releases from TerraX Minerals ( and Treasury Metals (

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