SIDEX was established to encourage exploration in Québec for any commodity with an attractive market outlook. Iron ore is however excluded.

Projects that show innovation, either with regard to commodity, geographical area, metallogenic model or exploration techniques, are most in line with SIDEX’s mission.

SIDEX also actively funds exploration projects located in the Abitibi region of Quebec.

SIDEX’s mission is to finance grassroots exploration projects. Subsequent phases of a project may be funded if SIDEX was already involved in the early stages.

To gain a better understanding of all the assessment criteria, please consult the “Request for Financing” page.

SIDEX’s role should be looked at as complementary to public financings of junior companies.

SIDEX only makes non-flow-through investments.

SIDEX occasionally makes loans or debentures. The preferred mode of financing however remains investments in the shares of publicly listed companies.

Fees on the order of 4% are charged for all investments. These are used to cover part of SIDEX’s legal and operating costs.

The limit is 10% but SIDEX may exceed this level if warranted.

Yes, an investment from SIDEX is eligible for the tax credit when the funds are used for exploration.

SIDEX typically only finances exploration work. However, exceptions can be made where working capital may be funded to encourage new entrepreneurs, companies that have a project generation model or special situations at the discretion of SIDEX management.

It varies according to market conditions.

Yes, SIDEX has an active portfolio management strategy which involves activity on the secondary market.

SIDEX may finance such companies, provided the entire amount of the financing is invested in projects located in Québec.

The terms of a placement reflect the share price at the time of investment and prevailing market conditions.