Toronto, February 2, 2016 – In its pre-budget submission to the Government of Canada, the Prospectors & Developers Association of Canada (PDAC) outlines its priorities for Federal Budget 2016 to support Canada’s mineral exploration and development sector. The PDAC recommends the Government take action to improve the flow of capital to the junior exploration sector, and address the infrastructure deficit in northern and remote Canada.
“A healthy junior mineral exploration sector is vital to the continued prosperity of Canada’s minerals and metals industry—an industry that contributes 4% of GDP and employs over 375,000 workers across the country,” says PDAC President Rod Thomas. “Canada’s junior mineral exploration sector is world-class, and has made 70% of all discoveries in Canada over the last 10 years.”
While the minerals sector is a key driver of the Canadian economy, it currently faces challenges that threaten its ability to continue to be a source of economic growth.