Canadian Mining Journal


FUNDING: Laurentian University awash in new cash – $114M in one day

SUDBURY, ON – This week it seems Laurentian University is awash in new funding – $114 million from individuals, government, the mineral industry, and academia. All of them want to see more study of the earth sciences.

On Tuesday, Sept. 6, David Harquail, CEO of Franco-Nevada Corp., donated $10 million to the university’s Department of Earth Sciences and its Mineral Exploration Research Centre. The donation was made through his family’s Midas Touch Foundation.

In honour of Harquail’s donation, the school renamed its department of earth sciences the Harquail School of Earth Sciences.

Later the same day, Laurentian officials announced that the school is the recipient of another donation totaling $104 million – $49.2 million from the federal government’s Canada First Research Excellence Fund and $55 million from 22 academic, industry and other government partners.

These donations will help fund the ambitious Metal Earth research project. This project pulls together more than 100 professionals and students to compare data about Earth’s crust. This is a first time in Canada that geoscience will be used to produce 4D images of the planet from the surface to the mantle.

The university also plans to recruit a research chair in exploration targeting and to fill three faculty positions in Precambrian geology, Earth systems, and modelling.

Learn more about Laurentian University’s Mineral Exploration Research Centre by clicking here.

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