Junior Exploration Assistance Program

Early-stage mineral exploration can be capital-intensive, especially for junior companies working to prove out new discoveries or advance prospects toward defined resources. In Newfoundland and Labrador, the Junior Exploration Assistance Program offers meaningful financial support to help exploration and mining companies move projects forward and build the province’s mineral inventory. Delivered by the Department of Industry, Energy and Technology, the program is designed to strengthen exploration activity across the province while positioning Newfoundland and Labrador as a competitive destination for mineral investment.

The program provides non-repayable funding that helps offset a significant portion of eligible exploration costs, with total support reaching up to around $220,000 per project depending on location and project scope. Funding is structured as a rebate on approved activities, making it particularly valuable for companies undertaking fieldwork such as drilling, geophysics, geochemistry, and other exploration programs. Projects focused on critical minerals may qualify for enhanced support, while traditional mineral exploration projects continue to be supported through provincial funding streams. Both island-based and Labrador projects are considered, with higher potential support available for exploration in Labrador.

Junior and small-to-midsize companies actively engaged in mineral exploration or mining and meeting certain requirements may benefit from this opportunity. For businesses planning exploration programs and looking to reduce financial risk while advancing discoveries, reviewing the full details of the Junior Exploration Assistance Program can help determine if it aligns with upcoming project plans.