Miners applaud Ottawa's multi-year commitment to exploration tax credit program: Since 2000, flow-through shares critical to advancing exploration work.

• Date: 01 January 2019

Ottawa's five-year renewal of the Mineral Exploration Tax Credit (METC) received a thumbs-up from the Mining Association of Canada (MAC).

As announced in the government's Fall Economic Statement, METC is a 15 per cent non-renewable tax credit used by junior mining companies to raise exploration funds through flow-through shares.

Because of its effectiveness, industry people have lobbied for a multi-year commitment by the government since exploration programs tend to stretch out for years. Many exploration programs have been funded...