Canopy Growth(US:CGC) Newsfile·2025-11-17 12:00Core Insights - Canadian Gold Corp. has received an additional grant of $300,000 from the Manitoba Mineral Development Fund (MMDF), bringing the total funding from MMDF to $900,000 since 2023, which has significantly aided the advancement of the Tartan Mine project [1][2] - The company has invested approximately $12.7 million into the Tartan Mine project since 2012, and is currently in the process of being acquired by McEwen Inc., which plans to further advance the mine towards a production decision [1][2] - The Tartan Mine currently has an indicated mineral resource estimate of 240,000 ounces of gold and an inferred estimate of 37,000 ounces of gold [7] Funding and Investment - The funding from MMDF has enabled Canadian Gold to increase the vertical extent of the Tartan Mine resource through 33,668 meters of core drilling and to option adjoining properties, consolidating the Tartan Shear Zone [2] - The company is also conducting project-wide prospecting to develop new exploration targets and is in the process of hiring additional employees from Flin Flon to support the project [2] - Following the acquisition by McEwen Inc., the Tartan Mine is expected to see further investment in 2026, including 15,000-20,000 meters of drilling and an updated resource estimate in Q1 [2] Industry Context - The support from MMDF and the Manitoba Mineral Exploration Tax Credit (MMETC) positions Manitoba as a strong destination for mineral exploration, providing unique tax incentives for investments in eligible projects like the Tartan Mine [3] - Canadian Gold Corp. holds a 100% interest in greenfields exploration properties in Ontario and Quebec, adjacent to major gold mines and development projects [7]