April 26, 2022
The Northwest Territories (NWT) Mining Incentive Program (MIP) provides funding to prospectors and exploration companies who propose new exploration projects or are already carrying out NWT mineral exploration work.
The MIP sustains mineral exploration activities throughout the NWT and reduces the risk associated with grassroots mineral exploration - exploration that is vital to a healthy, sustained, and productive mining industry.
Eligible expenses are those incurred during the period April 1st, 2022 to March 31st, 2023.
Last year seven Corporate Applicants and 8 Prospectors were initially awarded a total of $1.3 Million towards new and ongoing mineral exploration work. Successful applicants 2021
Prospector Mining Incentive Program
Prospectors licenced to operate in the NWT can apply for up to $25,000 in funding. The funding limit was increased from $15,000. For updated program information, please see the Prospector MIP Guide
Corporate Mining Incentive Program
For 2021-22 mineral exploration companies licensed to operate in the NWT can apply for up to $240,000 in funding representing up to 60% of eligible project expenses. For updated program information, please see the Corporate MIP Guide
Please note there is a new page limit for Corporate Applications. Applications must not exceed 15 pages; see the Corporate Guidelines and Corporate Application Form for further details.