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9 Factors Sparking the Future of Mining and Mineral Exploration in British Columbia

The following content is sponsored by BCRMA

Future of mining in British Columbia

9 Factors Sparking the Future of Mining in British Columbia

Jurisdictions are an important factor in building a successful mineral exploration project.

In Canada, British Columbia (B.C.) is building a brighter future for mining and mineral exploration.

This infographic from our sponsor B.C. Regional Mining Alliance (BCRMA) details nine factors that make the province the right jurisdiction for mining.

#1: A Strong Mining Ecosystem

B.C. has a long history of mining that has produced a wealth of global industry experts. Today, the region is bustling with exploration activity and has:

  • 326 active exploration projects
  • $660 million in 2021 exploration spending
  • Over 1.4 million meters of exploration drilling in 2021
  • 17 operating metal and coal mines

In addition, the province also offers comprehensive geological data, research from leading institutions, and over 3,700 mining supply companies.

#2: Geological Potential

B.C.’s mining ecosystem is built on its robust history and immense geological potential. In 2020, the province produced a diverse range of commodities, including gold, silver, copper, and other base and industrial metals.

Mineral2021 Production Value (billions)% of Total Value
Steelmaking coal$6.3B49.7%
Construction aggregates$0.5B3.6%
Industrial minerals$0.4B3.4%

B.C. is Canada’s only producer of molybdenum, used in metallurgy and chemical applications, in addition to being Canada’s leading producer of copper and steelmaking coal.

The province’s Golden Triangle located in the northwestern region contains some of the most (Read more...)

Canada’s newest unicorn: Clio raises $110M at a $1.6B valuation for legal tech

Clio, a software company that helps law practices run more efficiently with its cloud-based technology, announced Tuesday it has raised a $110 million Series E round co-led by T. Rowe Price Associates Inc. and OMERS Growth Equity.

The round propels the Vancouver, British Columbia-based company to unicorn status, valuing it at $1.6 billion. Clio last raised in September of 2019 when it brought in $250 million in a Series D financing. With the latest funding, Clio claims that it’s the “first legal practice management unicorn” globally. The investment also brings its total capital raised since its 2008 inception to $386 million.

Founder and CEO Jack Newton says he and Rian Gauvreau launched Clio during the 2008 recession after seeing the struggles solo lawyers and small firms faced when running a business. Historically, legal practice management software was limited to server-based solutions designed for enterprise businesses — not small law firms, Newton said. Clio was formed to change that.

Clio co-founders Jack Newton and Rian Gauvreau; Image courtesy of Clio

“Much like how Microsoft Windows defined the operating system for personal computers decades ago, Clio has developed a software platform for law firms and their clients that is cloud-based and client-centric by design,” Newton said.

The company’s platform aims to serve as “an operating system” for lawyers, offering cloud-based legal practice management, client intake and legal CRM software. Clio has more than 150,000 customers across 100 countries. Many of the lawyers using Clio are smaller and solo practitioners, but the (Read more...)