{"id":1297,"date":"2024-02-21T12:58:25","date_gmt":"2024-02-21T12:58:25","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/02\/21\/pdac-2024-heres-what-you-need-to-know\/"},"modified":"2024-02-21T12:58:25","modified_gmt":"2024-02-21T12:58:25","slug":"pdac-2024-heres-what-you-need-to-know","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/02\/21\/pdac-2024-heres-what-you-need-to-know\/","title":{"rendered":"PDAC 2024: Here\u2019s What You Need to Know"},"content":{"rendered":"

The annual Prospectors & Developers Association of Canada (PDAC) convention is returning this year from March 3 to 6, and it comes as countries around the world take steps to secure supply of key commodities.<\/strong><\/p>\n

This year\u2019s event will cover more than 600,000 square feet across the North and South Buildings of the Metro Toronto Convention Center, making it one of the organization\u2019s largest showcases in nearly a century.<\/p>\n

\n

What to do at PDAC? <\/h3>\n

Now in its 92nd year, PDAC is a major chance to make new connections and refresh old ones.<\/span><\/p>\n

\u2018Most of the people attending our annual convention have enjoyed some of the past 91 conventions, and they are looking forward to the things they have come to know and love: the convention\u2019s events, presentations, displays and accidentally bumping into other people \u2014 people such as executives, government officials, politicians, investors, students, scientists, old friends \u2026 anyone passionate about mineral exploration and development,\u2019 Goldie said. <\/p>\n

The Investors Exchange will be a good stop for those who want to engage with companies of all sizes. If you\u2019d like to delve deeper into geology, you\u2019ll want to check out the Core Shack and the Prospectors Tent, while the Trade Show and Trade Show North will provide a look at the latest advancements in mining services and technology.<\/p>\n

PDAC\u2019s Keynote Program will focus on four themes: discovery of the year, commodity outlook, mining industry outlook and technology and innovation. Topics like sustainability and Indigenous inclusion will also be front and center at PDAC, as will corporate presentations and programming for students and people early in their careers.<\/p>\n

Commenting on PDAC\u2019s long commitment to ESG in mining, Goldie said that the organization introduced e3 two decades ago, setting a global benchmark for responsible exploration practices. It later evolved into e3Plus, and this year PDAC is launching the new brand, Driving Responsible Exploration (DRE). \u2018As DRE rolls out this year, it will expand the program to encompass a wider range of guidelines and tools that align with contemporary ESG standards,\u2019 Goldie said. <\/p>\n

Those looking to hear commentary on specific metals will want to carve out time on March 5 for the convention\u2019s Technical Program \u2014 notably, critical metals will be covered at 2:05 p.m. EST, and the World Gold Council\u2019s John Reade will give a talk about the outlook for precious metals at 3:45 p.m. EST. The Investment Leaders Forum will also take place on March 5, with favorites like Rick Rule, Brent Cook, Brien Lundin and Adrian Day taking the stage.<\/p>\n

Finally, it would be remiss not to mention PDAC\u2019s networking events. While many companies will be hosting invite-only parties and events, plenty are promoted by PDAC itself. Take a look here for a taste of what\u2019s going on \u2014 Goldie pointed to the convention\u2019s brand-new coffee connection and happy hour events as new places to network. <\/p>\n<\/div>\n

\n

Canada\u2019s role in the resource industry today <\/h3>\n

Speaking about overarching trends in the resource market right now, Goldie noted that while demand for critical minerals is increasing as the green transition gains steam, there hasn\u2019t yet been a widespread increase in commodities prices. That has made it challenging for Canadian companies to access the capital they need.<\/p>\n

With that in mind, PDAC believes federal tax incentives like the Mineral Exploration Tax Credit (METC) and the Critical Mineral Exploration Tax Credit (CMETC) are key. \u2018PDAC urges the federal government to extend the METC for at least five years beyond its March 2024 expiration and to align the CMETC\u2019s eligibility period with that of the METC,\u2019 Goldie said.<\/p>\n

He added that PDAC would also like the capital gains treatment for flow-through shares to be adjusted to attract more Canadian investors. To that end, the organization has proposed the creation of a new expense category that would allow companies to use flow-through funds to assess the economic and social viability of new mines, including feasibility studies, thus bridging the funding gap from discovery to development.<\/p>\n

While there\u2019s work to be done in Canada, Goldie emphasized the country\u2019s vast mineral wealth, which he said extends to \u2018nearly every type of geology, harboring untapped areas ripe for groundbreaking mineral discoveries.\u2019 He also highlighted its sophisticated mineral finance system and transparent and robust regulatory framework.<\/p>\n

Goldie said he believes it\u2019s important for the country to continue developing new mines as well as processing capacity. <\/p>\n

<\/span>\u2018It\u2019s possible to rely on offshore mineral exploration and mining, but emissions from those activities are not constrained by borders,\u2019 he said. \u2018We can make a conscious choice to develop new mines and processing capacity at home, closer to Canadian end users, and guided by regulations that ensure sustainability. By choosing to develop domestic mining and processing facilities, Canada can ensure responsible production, directly benefiting Canadian consumers and contributing to the nation\u2019s economic growth.\u2019 Part of that will involve gaining public support. <\/p>\n

\u2018Canadians must recognize the vital role that minerals play not only in our daily lives, but also in enabling the technologies that will shape a sustainable, low-carbon future,\u2019 he continued. \u2018By emphasizing domestic production grounded in sustainability, Canada can avoid the pitfalls of dependency on foreign sources of minerals and metals, and embrace the long-term benefits of self-reliance as we journey toward a green future.\u2019<\/p>\n<\/div>\n

\n

Register for PDAC now <\/h3>\n

PDAC is widely regarded as a can\u2019t-miss event for investors, executives and companies in the resource sector, and Goldie said that, with over 1,000 exhibitors, this year\u2019s convention is sure to be a dynamic experience. <\/p>\n

If you\u2019d like to attend PDAC, click here for detailed information on how to register. You can also click here to sign up to receive the latest news and announcements from PDAC, or follow PDAC on Twitter, LinkedIn, YouTube, Facebook and Instagram. We look forward to seeing you there!<\/p>\n<\/div>\n

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article. <\/strong><\/p>\n<\/p>\n

This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"

The annual Prospectors & Developers Association of Canada (PDAC) convention is returning this year from March 3 to 6, and it comes as countries around the world take steps to secure supply of key commodities. This year\u2019s event will cover more than 600,000 square feet across the North and South Buildings of the Metro Toronto […]<\/p>\n","protected":false},"author":0,"featured_media":1298,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1297","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/1297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=1297"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/1297\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/1298"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=1297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=1297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=1297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}