Junior Mining Exploration Fund (JMEF) 2024 for South African Mining Enterprises. Apply below.
12th July 2024
The Fund will have three Funding Calls.
In the event that the Fund meets its goals in Phase One, the Parties will carry over the Fund’s objectives into Phase Two by establishing a new, independent fund in which they will invest alongside any additional third-party investors.
Table of Contents
The Junior Mining Exploration Fund (JMEF) 2024 for South African Mining Enterprises – The Industrial Development Corporation in partnership with the Department of Mineral Resources and Energy is initiating an exploration fund.
The Fund is established for the following objectives:
The Fund will provide grant funding which is convertible to equity when a viable ore body is discovered. The adjudication committee will determine the rate of conversion from grant to equity but this will be limited to 49%. The Fund will not offer any Grant Funding for the prospecting of diamonds
Entrepreneurship, Grants
Not specified
The Fund will provide grant funding which is convertible to equity when a viable ore body is discovered. The adjudication committee will determine the rate of conversion from grant to equity but this will be limited to 49%. The Fund will not offer any Grant Funding for the prospecting of diamonds
Visit Award Webpage for Details
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