Toronto, Ontario–(Newsfile Corp. – November 5, 2025) – The Prospectors & Developers Association of Canada (PDAC) welcomes the Government of Canada’s renewal of the Mineral Exploration Tax Credit (METC) for two years in Budget 2025. This move strengthens Canada’s competitive position, helps rebuild momentum in exploration, and sets the stage for the discoveries and project pipelines needed in the years ahead.

Created in 2000, the METC has been a centrepiece of Canada’s mineral investment ecosystem. Working with the flow-through share mechanism, it channels high-risk, early-stage capital to grassroots exploration across the country. With no direct outlay of public money, the METC mobilizes hundreds of millions in private investment, supports jobs and delivers tax revenues in communities nat

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