• 4 minutes Projection Of Experts: Oil Prices Expected To Stay Anchored Around $65-70 Through 2023
  • 7 minutes Oil prices forecast
  • 11 minutes Algorithms Taking Over Oil Fields
  • 14 mintues NIGERIAN CRUDE OIL
  • 41 mins Socialists want to exorcise the O&G demon by 2030
  • 2 hours UK, Stay in EU, Says Tusk
  • 14 hours How Is Greenland Dealing With Climate Change?
  • 1 hour German Carmakers Warning: Hard Brexit Would Be "Fatal"
  • 9 hours Venezuela continues to sink in misery
  • 20 hours BofA Sees Oil at $35-70
  • 22 hours China Car Sales Plummet: Can Musk Unshovel His Groundbreaking?
  • 1 day How Much Oil Does Aramco Have?
  • 18 hours Regular Gas dropped to $2.21 per gallon today
  • 17 hours "Peace Agreement" Russia vs Japan: Control Over Islands Not Up For Discussion
  • 4 hours Solid-State Batteries
  • 3 hours Orphan Wells
  • 17 hours WSJ: Gun Ownership on Rise in Europe After Terror Attacks, Sexual Assaults
Alt Text

Will Oil And Gold Prices Rise This Year?

Both gold prices and oil…

Alt Text

Vanadium Spikes On New Chinese Regulations

A new regulatory measure in…

Alt Text

Lithium Plunging As Chinese EV Production Slows

China’s electric car subsidy changes,…

Dave Forest

Dave Forest

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

More Info

Trending Discussions

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:




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News