Gold, clean-energy metals and even salt offer the promise of a bright future
Canada’s Atlantic region is experiencing a mining exploration rush the likes of which has not been seen in the area since the 1990s boom that followed the discovery of the nickel-bearing deposit at Newfoundland’s Voisey’s Bay. Once again, Newfoundland and Labrador is leading the way with more than 100,000 mineral claims staked in 2021 – the second largest annual claims total in the province’s history after 1995.
This time, the majority of exploration companies descending on the provinces of Newfoundland and Labrador, Nova Scotia and New Brunswick are looking for gold instead of nickel. A handful of others, however, are not setting their sights on the precious metal but on critical minerals and metals that are vital for decarbonization of modern technologies.