Daily Mining Industry Report: March 22, 2025

Daily Mining Industry Report: March 22, 2025

Canadian Developments

• Extension of Mineral Exploration Tax Credit
  Canada has extended its mineral exploration tax credit by two years, providing a 15% tax credit for investors in flow-through shares of smaller mining companies. This initiative aims to boost exploration investments and reduce reliance on foreign capital. ​Reuters

Global Developments

• Greenland's Uranium Mining Controversy
  In Narsaq, Greenland, the potential mining of a vast uranium and rare earth deposit by Energy Transition Minerals has raised environmental and cultural concerns among locals, highlighting the challenges of balancing resource exploitation with preservation. ​The Guardian

• China Increases Funding for Strategic Minerals
  China is boosting state support for domestic mineral exploration to achieve resource self-sufficiency amid escalating US-China tensions. Provinces have announced increased subsidies and expanded access for mineral exploration, focusing on critical minerals essential for advanced technologies. ​Financial Times

• Iron Ore Heiresses Secure $5 Billion Deal
  Australian sisters Leonie Baldock and Alexandra Burt facilitated an $8 billion sale of an undeveloped iron ore deposit at Rhodes Ridge, netting $5 billion. Mitsui acquired a 40% stake in the project, marking its largest investment in an undeveloped mining asset. ​The Australian

Disclaimer:
The information in our daily posts is intended solely for general informational purposes. We do not guarantee the accuracy, completeness, or reliability of any content provided, and we are not responsible for any errors, omissions, or outcomes resulting from using this information. Readers are advised to verify facts independently and consult appropriate professionals or official sources before making any decisions or taking action based on these reports—all responsibility lies with the reader.