Routes & Branches & Beyond

9:00pm - 10:00pm
Email
Now Playing: Bay of Islands Radio - Routes & Branches & Beyond
Listen Live

    Search

    Government invests $4.3 million into a Critical Minerals Plan

    Wednesday, 1 November 2023 12:00

    By Tonya Organ

    The program is designed to de-risk and attract private investment for exploration leading to viable projects. I

    Government has released a $4.3 million Critical Minerals Plan. The investment includes $3 million for Critical Mineral Geoscience using artificial intelligence and remote sensing technologies to speed up the collection, processing and availability of data.  $1.3 million will go to the Junior Exploration Assistance Program for projects exploring for critical minerals. The program is designed to de-risk and attract private investment for exploration leading to viable projects. In this province, 34 minerals have been identified as critical in the transition to a green economy. Nickel, copper and cobalt, high-grade low impurity iron ore helps reduce greenhouse gas emissions in steel manufacturing and has the potential for further value-added activity as a green steel input.  The mineral industry generated 9,000 person years of employment in 2022 and 11.5 per cent of the 2021 provincial GDP. 

     

    Share

    To report an error, submit a news tip, or provide feedback, please e-mail news@bayfm.ca or call (709) 637-0183.

    More from Local News

     

     

     

    BayFM recognizes support from the following agencies:

                        

    Today's Weather

    • Corner Brook

      Light rain

      High: 20°C | Low: 4°C

    • Deer Lake

      Light rain

      High: 19°C | Low: 3°C

    • Stephenville

      Light rain shower

      High: 20°C | Low: 9°C

    Recently Played

    Podcasts

    • BayFM On-Demand

      Youth Ventures

      Youth Ventures Humber, based in CBDC Corner Brook is a great program that promotes and supports young entrepreneurs, ages 30 and under, in our community.

    • Trash Talk

      Trash Talk Thursday, June 11, 2026

      Lynn Howse from Western Regional Waste Management on Bay Fm

    • NL Summer Games 2026

      NL Summer Games update, June 11, 2026

      As the countdown continues to the NL Summer Games in Corner Brook this summer, the featured sport on this edition of Blaze's Corner is baseball.