{"id":402247,"date":"2020-12-17T14:58:24","date_gmt":"2020-12-17T19:58:24","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=402247"},"modified":"2020-12-17T14:58:24","modified_gmt":"2020-12-17T19:58:24","slug":"pdac-welcomes-proposed-flow-through-legislation","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/pdac-welcomes-proposed-flow-through-legislation\/","title":{"rendered":"PDAC welcomes proposed flow-through legislation"},"content":{"rendered":"

\nProposed legislation would support mineral exploration sector jobs and operations
\n<\/h2>\n
\n

\n TORONTO, Dec. 17, 2020 (GLOBE NEWSWIRE) — <\/strong>The Prospectors & Developers Association of Canada (PDAC) welcomes the federal government\u2019s draft legislative proposals to protect jobs and save operations within the junior mining exploration sector and with other flow-through share issuers, by extending the timelines for spending the capital they raise via flow-through shares.<\/p>\n

“The mineral exploration and development sector is a crucial component of the Canadian economy, generating significant economic and social benefits, particularly for northern and remote communities all across the country. This proposed legislation will help provide the necessary support for the industry, contribute to its recovery, and allow us to help kick-start Canada’s economic recovery in 2021,” says PDAC President Felix Lee.<\/p>\n

As the impact of COVID-19 continues to cause significant global disruptions, the Canadian mineral exploration sector has seen many junior companies and small businesses facing pandemic-imposed challenges such as voluntary shutdowns or difficulty accessing the field due to travel restrictions.<\/p>\n

The government\u2019s proposed legislation<\/a> will ensure mineral exploration companies with operations impacted by COVID-19 would be allowed additional time to incur eligible expenses, allowing them to safely plan when to best continue operations, and avoid penalties that would normally come from not meeting original flow-through share timelines.<\/p>\n

Canada\u2019s mineral exploration and mining industry generates significant economic and social benefits in remote communities, Indigenous communities, and cities, employing 719,000 workers and contributing $109 billion annually to GDP. It is the largest private-sector industrial employer on a proportional basis of Indigenous people in Canada.<\/p>\n

\n About PDAC<\/strong>\n <\/p>\n

PDAC is the leading voice of the mineral exploration and development community. With over 7,200 members around the world, PDAC\u2019s work centres on supporting a competitive, responsible mineral sector. PDAC is known worldwide for its annual PDAC Convention\u2014the premier international event for the industry\u2014that has attracted over 25,000 people from 135 countries in recent years and will next be held virtually March 8-11, 2021.Please visit\u00a0www.pdac.ca<\/a>.<\/p>\n

\n Media contact<\/strong>
\n
Laural Adams
1-289-707-5420
ladams@pdac.ca<\/a><\/u><\/p>\n

\n
\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Proposed legislation would support mineral exploration sector jobs and operations TORONTO, Dec. 17, 2020 (GLOBE NEWSWIRE) — The Prospectors & Developers Association of Canada (PDAC) welcomes the federal government\u2019s draft legislative proposals to protect jobs and save operations within the junior mining exploration sector and with other flow-through share issuers, by extending the timelines for spending the capital they raise via flow-through shares. “The mineral exploration and development sector is a crucial component of the Canadian economy, generating significant economic and social benefits, particularly for northern and remote communities all across the country. This proposed legislation will help provide the necessary support for the industry, contribute to its recovery, and allow us to help kick-start Canada’s economic recovery in 2021,” … <\/p>\n

Continue reading “PDAC welcomes proposed flow-through legislation”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-402247","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nPDAC welcomes proposed flow-through legislation - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/pdac-welcomes-proposed-flow-through-legislation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PDAC welcomes proposed flow-through legislation - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Proposed legislation would support mineral exploration sector jobs and operations TORONTO, Dec. 17, 2020 (GLOBE NEWSWIRE) — The Prospectors & Developers Association of Canada (PDAC) welcomes the federal government\u2019s draft legislative proposals to protect jobs and save operations within the junior mining exploration sector and with other flow-through share issuers, by extending the timelines for spending the capital they raise via flow-through shares. “The mineral exploration and development sector is a crucial component of the Canadian economy, generating significant economic and social benefits, particularly for northern and remote communities all across the country. 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