• 5 minutes 'No - Deal Brexit' vs 'Operation Fear' Globalist Pushback ... Impact to World Economies and Oil
  • 8 minutes China has *Already* Lost the Trade War. Meantime, the U.S. Might Sanction China’s Largest Oil Company
  • 12 minutes Will Uncle Sam Step Up and Cut Production
  • 6 hours OPEC will consider all options. What options do they have ?
  • 5 mins Danish Royal Palace ‘Surprised’ By Trump Canceling Trip
  • 4 hours Trump vs. Xi Trade Battle, Running Commentary from Conservative Tree House
  • 10 hours What to tell my students
  • 3 hours NATGAS, LNG, Technology, benefits etc , cleaner global energy fuel
  • 13 mins A legitimate Request: France Wants Progress In Ukraine Before Russia Returns To G7
  • 14 hours Recession Jitters Are Rising. Is There Reason To Worry?
  • 10 hours With Global Warming Greenland is Prime Real Estate
  • 8 hours China Threatens to Withhold Rare Earth Metals
  • 23 hours TRUMP'S FORMER 'CHRISTIAN LIAISON' SAYS DEEPWATER HORIZON DISASTER WAS GOD'S PUNISHMENT FOR OBAMA ISRAEL DIVISION
  • 22 hours Maybe 8 to 10 "good" years left in oil industry * UAE model for Economic Deversification * Others spent oil billions on funding terrorism, wars, suppressing dissidents, building nukes * Too late now
  • 19 hours CLIMATE PANIC! ELEVENTY!!! "250,000 people die a year due to the climate crisis"
  • 24 hours Flaring is at Record Highs in Texas
Alt Text

Chinese Rare Earth Exports Tumble As Trade War Accelerates

China, the world’s largest producer…

Alt Text

Vanadium Spikes On New Chinese Regulations

A new regulatory measure in…

Dave Forest

Dave Forest

Dave is Managing Geologist of the Pierce Points Daily E-Letter.

More Info

Premium Content

Here's A New $1 Billion Funding Source For Mining Projects

Finding project funds is becoming a bigger and bigger issue in the resource space. But developers in the mining sector just got some good news on an innovative new source of capital.

That’s the Capital Mines Hydrocarbures fund. A C$1 billion purse being put forward by the government of one of the world’s top mining jurisdictions—the Canadian province of Quebec.

Quebec’s Economy Minister said last week that the fund is now close to being ready to launch. With C$200 million already put aside—and another C$800 million in follow-on funding being prepared. Related: Is Saudi Arabia Setting The World Up For Major Oil Price Spike?

The fund will reportedly invest directly in projects within the province. No details have been given yet on what sort of specs the government will be looking for.

Preliminary indications however, are that managers here will look to deploy larger investments into a few different vehicles. With the Minister saying that the fund has "many things in the pipeline" and may be able to support as many as ten projects.

Such direct investments from the government are obviously a novel strategy in the resource space. But in Quebec’s case, buying into resource projects may turn out to be a sound move. Related: The Inconvenient Truth About A Green Revolution

That’s because some of the most important development projects in the minerals space have come within the province the last few years.

The Eleonore gold mine, for example, was commissioned by Goldcorp last year—and represents one of the few projects to go from grassroots discovery all the way to functioning mine during the current resource cycle.

All of which has proven Quebec to be an attractive destination for exploration and development. A reality that will be further enhanced by financial support coming from the new fund. Related: Has The Bakken Peaked?

Add that to existing benefits in the province such as tax-friendly “super flow-through” rules for mining investors, and it appears that Quebec is a place all minerals developers should have on their radar screen.

Watch for specific investments deployed by the fund over the coming months to see if your project might qualify for this unique finance source.

Here’s to putting up the money,

Dave Forest

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play