AME report sees $23B economic boost from new Canadian mines
Federal govt's commitment to expand eligible activities under CEE will create as many as 34,000 full time jobs, report found.
The Association for Mineral Exploration (AME) has released a report projecting a $23 billion economic boost from the Canadian government's commitment to expand eligible activities under the Canadian Exploration Expense (CEE) and broaden the critical Mineral Exploration Tax Credit (METC). The report, which found that the government's commitment would result in up to 34,000 full-time jobs over the next ten years and $1.6 billion in additional annual mineral exploration spending, estimates a total economic growth of up to C$33 billion (23.1 billion) from bringing at least three to five mines into production.
AME CEO Todd Stone emphasized the potential for Canada to secure the mineral supply chain, strengthen its military capacity, and ensure long-term national and industrial sovereignty. The report also highlights the unanimous support from various provincial governments and over 170 companies for this policy change.
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