The Ontario Mineral Deposit Inventory documents more than 200 known rare element and rare earth element mineral occurrences across the province. Ontario should implement a strategic rare earth elements strategy by allowing additional flow-through tax breaks for junior companies exploring for these vital minerals that are essential for modern 21stCentury manufacturing. Triple the flow-through share tax credit to 15% for companies conducting rare earth exploration.
The money to be made in rare earths is not in the mining but in the refining and technical apps of the reo's. A program simmilar to their solar one would make much more sence than sponsoring another deposit with nowhere to go.