Canadian Northern Economic Development Agency
Chartrand Unveils Funds for Yukon Capacity Boost
Nearly $200,000 for two businesses to innovate and expand their services in Yukon's mineral exploration and energy technology sectors
Strengthening local capacity through new services and product innovation helps support jobs and foster economic stability for Yukoners, while responding to the unique realities of northern and remote conditions.
Today, the Honourable Rebecca Chartrand, Minister of Northern and Arctic Affairs and Minister responsible for CanNor, announced a $200,000 contribution to two Yukon businesses to expand capabilities for mineral exploration, resource management and energy technology in the territory.
CanNor is contributing up to $99,999 to support Capital Exploration Ltd. in acquiring and commissioning aeromagnetic geophysical survey equipment, which will build local capacity for mineral exploration and resource management, and reduce dependence on southern-based providers. Solvest Inc. will also receive up to $99,999 to develop and field test a modular battery energy storage system, known as a PowerPod. This system will reduce the need for diesel fuel, improve energy reliability in remote locations, and support future manufacturing and job creation in the Yukon.
The Government of Canada continues to invest in northern mineral exploration and energy innovation to increase the territory's self-reliance and support sustainable economic growth for Yukoners and all Canadians.
https://www.canada.ca/en/northern-economic-development/news/2026/02/minister-chartrand-announces-funding-for-yukon-led-solutions-to-build-local-capacity.html
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