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Canadian Silver Hunter begins Critical Minerals Strategy Initiative

May 18, 2022

Canadian Silver Hunter Inc. (TSXV: AGH.H) ("Canadian Silver Hunter" or the "Company") reports that in light of the recently released Canadian Federal Budget 2022 Critical Minerals Strategy, which includes up to $3.8 billion to implement Canada's first Critical Minerals Strategy, that the Company has commenced assimilating all recent and historic production, drilling and development data on its wholly owned Silver Centre property, with plans seeking to maximize the mineral potential of the property that makes economic sense in and for the new agenda.

Canada Budget 2022 key proposals supporting critical minerals projects in Canada include incentives that directly impact CSH, they include:

  • Up to $1.5 billion over five years, for infrastructure investments that would support development of critical minerals supply chains, with a focus on priority deposits.
  • Introduction of the new 30% Critical Mineral Exploration Tax Credit for specified mineral exploration expenses incurred in Canada for specified minerals consumed in the production of batteries used in zero-emission vehicles, clean technology, or semi-conductors, and renounced to flow-through share investors.
  • The tax credit would apply to eligible materials including nickel, lithium, cobalt, graphite, copper, rare earths elements, vanadium, tellurium, gallium, scandium, titanium, magnesium, zinc, platinum group metals, and uranium.
  • The Critical Mineral Exploration Tax Credit would apply to expenditures renounced under eligible flow-through share agreements entered after April 7, 2022 and on or before March 31, 2027.

(BDO Canada, April 20, 2022; https://www.bdo.ca/en-ca/insights/industries/natural-resources/federal-budget-implications-for-the-mining-sector/)

The Company is also intrigued by the historically noted value of nickel and copper production on the property. Nickel production as a by-product of the silver and cobalt mining were only recorded for a few years and never seriously considered as an additional source of revenue. Nickel is one of the desired "critical metals" in high demand for the battery tech revolution, and with the price of nickel rising substantially in recent months, the Company will pay direct attention to its presence in the data and on the property to determine its role and potential in future exploration of the property.

Tags: Northern Ontario / Exploration / Metals / All Articles