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Twelve projects will receive 1.6 million dollars in funding through the Manitoba Mineral Development Fund which is managed by the Manitoba Chambers of Commerce.

 In the first quarter of this year the Fund’s review committee approved funding in support of exploration activities, drill programs, business renovation and start up costs, equipment and training investment, renewable energy projects and community consultations.

             

Among the projects in rounded off figures 157 thousand to Snow Lake Lithium, 275 thousand to Wolfden Resources/ with exploration on the Rice Island project 5 kilometers from Snow Lake Mining infrastructure and Nickel Island 10 kilometers west of Garden Hill, 300 thousand to Willeson Metals exploring 72 kilometers southeast of Lynn Lake and 25 thousand to the Northern Manitoba Sector Council.

             

The Manitoba government established the Fund in 2019 with an initial investment of 20 million dollars and each year six percent of tax revenue collected from the Mining Tax is allocated to the Fund.

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