Natural Resources Minister Jonathan Wilkinson says that while other countries isolate themselves from foreign investment, Canada is “open for business.”
The Canadian PressMinister of Energy and Natural Resources Jonathan Wilkinson speaks with journalists in Ottawa, Wednesday, Jan. 8, 2025. THE CANADIAN PRESS/Justin Tang
Speaking Monday at the Prospectors and Developers Association of Canada convention in Toronto, Wilkinson announced several new measures meant to drive “rapid development” of Canada’s critical minerals sector. “In the exploration stage of the mining space there is a need to incent risk capital – and there is presently not enough capital flowing into this space,” Wilkinson told convention delegates.
The tax break, which was set to expire at the end of March, is for investors in flow-through shares — a mechanism that allows smaller mining companies to transfer expenses to the investor.
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