You know, Canada has tremendous potential for mineral development in the north. We're only beginning to tap that potential. We also have a national targeted geoscience initiative. We've invested $25 million in this program to support the development of next generation geoscience knowledge and innovative techniques to help ensure industry has the tools it needs to search more effectively for the deep mineral deposits that will be crucial to the mining future over the long term.
We're expecting almost 140 million new mining projects alone to break ground across Canada. We have several key ingredients in place to attract investments, such as competitive tax rates, a stable political environment, non-discriminatory regulatory policies. Then, of course, we have to get on with modernizing the regulatory environment because that can also affect the ability to attract our potential investments.