• Yukon’s workforce is highly educated, skilled, motivated and productive.
  • Small and medium-sized enterprises continue to be Yukon’s largest private sector employer.
  • Yukoners enjoy a very high quality of life.
  • Yukon is open for business.
  • Partnerships are key to our success.
  • Yukon has been a site location for a number of feature films including the 20th Century Fox's, "The Big Year" starring Steve Martin, Owen Wilson and Jack Black.
  • Yukon businesses are leading the way.
  • Yukon is home to one of the world’s largest iron ore deposits and one of the world’s largest undeveloped lead-zinc districts.

Financial Incentives

mining project initiative

The Yukon Mining Exploration Program (YMEP) is designed to promote and enhance mineral prospecting and exploration activities in Yukon. YMEP provides a portion of the risk capital required to discover and develop mining projects to an advanced exploration stage. YMEP contains three modules:

Grassroots Prospecting

Qualified prospectors may apply for a contribution of up to $15,000 per year to cover basic operating expenses while searching for new mineral occurrences. 100 per cent of approved expenses will be reimbursed.

Focused Regional

Qualified applicants undertaking exploration work to re-evaluate potential under-explored areas may receive up to $25,000 per year. 75 per cent of approved expenses will be reimbursed.

Target Evaluation

Qualified applicants appraising the potential of under-evaluated occurrences may receive up to $40,000 a year. 50 per cent of approved expenses will be reimbursed. This funding enables advanced exploration of mineral projects.

For more information and to see if you qualify, please visit www.geology.gov.yk.ca or contact ymep@gov.yk.ca.

Please refer to this guidebook before applying.

Other incentive and funding programs through Yukon government departments include:

Fuel Tax Exemption

Tax-exempt fuel is available for authorized off-road commercial purposes. Authorized activities are mining; logging; outfitting; agriculture; trapping; fishing; hunting; tourism; and generation of electricity. An exempt number allows users to buy tax-exempt fuel at any authorized agent. There is no fee for applications. Users may also apply for a refund on taxes already paid on fuel. Applications must list equipment, serial numbers, fuel use breakdown and include all fuel invoices. 

Please call (867) 667-5345 for more information.

Strategic Industries Development Fund (SIDF)

The objective of SIDF is to identify and facilitate the development of strategic industries, projects and economic infrastructure. A variety of assistance for eligible SIDF projects is available for strategic projects or activities in the preliminary, development and implementation stages. In particular, there are two types of SIDF projects:

1. Strategic Industry Development Projects - Projects that support industry development as a whole. For example: research that identifies and addresses barriers to industry development or identification and feasibility of needed economic infrastructure.

2. Strategic Business Development Projects - Projects that have the potential to generate significant wealth and contribute to the growth of a strategic industry in Yukon. For example: a business development which results in new products that meet market demand.

More information on SIDF can be found here, or please call the Business and Industry Development branch at (867) 393-7014.

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