The Association for Mineral Exploration British Columbia’s (AME BC) members in the B.C. mineral exploration community are leaders in project discovery, capitalization and development. This has always required a steady, positive resolve and a roll-up-the-sleeves-and-go willingness to work. Experienced explorers have the foresight to see beyond the cycles, persevering toward their goals in spite of resistance.

This last year, mineral exploration has presented a new type of challenge resulting from changes to typical capitalization models. The venture capital bridge is damaged and traffic is being redirected. The Prospectors and Developers Association of Canada acknowledges the capital crisis.

TMX Group, which owns and operates the TSX and TSX-V stock exchanges, recently released a white paper that stated, “Decisive action is required to meet industry challenges and preserve the efficiency and integrity of our markets,” further noting that “Canadian order flow is migrating to the United States,” that “technology-driven markets are not optimized to serve all” and that “market complexity is on the rise.”

While the effects of the venture capital crisis are evident, they are also driving our industry to new concepts and methodologies of both finance and the work itself.

New and innovative methods of direct financing are emerging and may prove valuable models for mineral exploration and development – and these areas deserve our attention. Technological innovations that can improve exploration efficiency while reducing environmental, social and economic costs are being developed and implemented. Explorers don’t constrain themselves to innovating in the areas of geoscience, but are developing new collaborative management and financial systems as well.

Source: Canadian Mining Journal - see ful article