Ontario government launching new program to fund junior exploration
Quarry in Ontario. Stock image.
The Ontario government is launching a new program to fund junior exploration in the province and upping financial support for the Ontario Mine Rescue program.
The province’s 2021 budget, which laid out the initiatives, was tabled on March 24 and was passed on April 26. The document sets out C$23 billion in spending targeted at bolstering the provincial economy, and C$16.3 billion for health-related measures. Ontario projected a C$38.5 billion deficit in 2020-21, which it expects to slowly reduce to eventually reach C$20.2 billion in 2023-24.
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