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 [Music] I'm Charlotte McLoud with investing news.com and here today with me is Ray Goldie president of pdac really good to have you here thank you Charlotte thank you so much for for coming here and for having us here at at the convention we've made it to day two so I think it's safe to ask what your highlights have been so far well the highlights have been very much in the essence of of the convention because convention is all about making connections and we've introduced a new

uh event called coffee connections every day at 8:00 people who want to have a get caffeinated can come in and um and connect with other people so Co the coffee connections and some of the other events that we've added like new bre breakfast and uh lunch socials they've all made it easier to make connections and the uh the exhibit fls are also very impressive there's a real sense of hey we've got some good technology here when you look at the the new geophysical instruments that are being made

available to Canadian and uh to uh in fact to the world to find mineral deposits yeah there's always there always so much to do here and it's it's wonderful that new events are are being added every year definitely a lot of positivity on the show floor as well I I was all to ask you about Canada's mineral exploration tax credit and because when we had emailed beforehand this was kind of in limbo we were waiting for for that renewal but now it sounds like the situation has already

changed a little bit and it it looks like it's set to come through although maybe maybe some uncertainty around it still but can you can you tell me where we're at well what we're advocating for is the mineral exploration tax credit is such an important part of funding for junior exploration companies that uh we made our top priority for this convention is to convince the government that it had to be renewed because it was due to expire at the end of this month and so we were delighted when the government

announced yesterday that it intends to uh to uh to continue it for another two years not the Imp perpetuity that we're looking for but still better than zero years and uh we're going to continue to advocate for this particular incentive to be uh made permanent yeah yeah absolutely two years is is better than than nothing at all very good to hear that and you know we were talking before we turn the camera on it is it is a little bit of a a delay here though you normally you would expect this to be

discussed sooner so any any thoughts on why we did see that delay and and hear about it this weekend uh Pro probably that uh with the parliament paroe uh things happen slowly in Auda today or these days yeah I think that that makes a lot of sense and it is in a way it's it's nice to have it come up here so it gives us a nice a nice talking point so we we spoke here at PD last year and you you really emphasized Canada should focus not just on resource extraction but also on the rest of the supply chain

and this is something supply chain security that's becoming increasingly important so curious to know have we seen much movement in this direction we have but not enough we've seen heightened industry uh interest in building domestic uh processing capacity and uh expiration teams process engineers and governments have begun to collaborate more uh closely and that's a really a very important thing in uh in Supply chains is that people responsible for each part of the supply chain talk

to each other you have to have expiration geologists talking to Engineers you have to have engineers and exploration geologists talking to the government and uh that that's starting but we need a lot more and you know on the of of supply chain security and uncertainty there's there's a lot of volatility going on with this whole tariff situation which I'm almost afraid to bring up because it seems to change so quickly but any any thoughts on how that could impact Canada's mining

sector I'm smiling because it was just last week I heard that very question posed to the chair of a big mining company and Mr chair he was asked Mr chair what effects will tariffs have on your company or would would you prefer to say there's too much uncertainty as you say or too much uncertainty for you to say at this point and his answer was yes and at pdac we recognize Global markets are becoming increasingly volatile we do advocate for strengthening candidate's position as a stable responsible and reliable

supplier and also going back to another of our discussion points last year you had made the point that only mining stocks isn't really part of Canada's culture right now and I wondered if this this trade War talk could change that cuz there's so much emphasis right now on you know buying Canadian and that kind of thing any any thoughts there it it could happen uh and I'm not inside the head of the average retail investor I'm not sure that many people are because the uh uh re the uh it's very

difficult for junior resource companies to raise money these days and uh so that's uh the the change you mentioned may may start toire inspire people to say uh I want to to express my nationalism here support Canada I'm going to buy Canadian mining shares the the only advice I ever have for anyone buying uh any kind of share but mining shares in particulars don't just fall in love with one company how half a dozen Diversified portfolio is uh is always a much better bet than a single stock yeah

I think that's very good advice and and maybe wishful thinking on my part about that but we'll we'll see how that plays out I hope your wishful thinking comes true it could well we'll cross our fingers now if we if we come back around to pdac you've talked before about the organization's work getting young people interested in mining and on the same note I know companies are starting to have concerns about skills caps if more people don't come into the sector so where where does interest in mining

currently stand among students versus let's say the recent past well we have uh pdsc we have a student and early career program it's designed to uh bridge the gap between uh companies who are looking for future talent and the talent going to University and not necessarily recognizing that the minerals industry offers a very exciting uh future and the way I sometimes put it is that if if you become an expiration geologist you'll go places that Instagram has never been and uh and we' actually this year we we

extended uh that message to high school students and one of the things we started was was say well here's a cell phone and look it's important this this component came from the mind this component in fact it almost all came from the mind not much interest cell phones are things you use they're not things you pull apart and look at uh but the high school students showed great interest in putting on the virtual reality headset and driving a scoop tram underground or or else dressing up in

mining gear and being photographed to get a a uh a Polaroid to take home showing them looking like a minor and that that's certainly going to attract their interest hey I look good as a minor maybe I should think about that as a career yeah I think it's it's important to find what what interests people yeah that's really good so you're you're wrapping up your term as pdac president very exciting I wondered if there's any key ACC compliment accomplishments over the past couple of

years that you want to talk about with more than a couple of years actually Charlotte it's it's actually eight-year commitment so if you if you want to be and I'd certainly urge someone who was interested in becoming president of pdac to follow that path but the eight-year path is she spend four years as a vice president and then two years as president I'm in finished and then uh for my next uh uh gig will be as the pdac immediate past president and I still have some responsibilities but in

in terms of what I in particular accomplished uh I think uh I learned a lot mostly about pdac but also about myself I turn out for example to be very good at drafting governance documents and I learned that I'm even better at doing that when I work with a team of diverse people and the documents that we created and the guidelines that we created they're not only for us they're also for specifying how future Executives directors and committee chairs of PDC how they how what they can do and how they should do it yeah very

good and good to point out that this it's it's eight years I I only see the president for for two years at these events but it's Lots going on behind the scenes and I was going to ask what's next for you and now we know what's what indeed is next for you oh this good this is the part of the interview where I get to say I'll have more time for people to hire me as a consultant or director and in my Consulting business I evaluate mineral royalties and and given it's increasingly difficult to find Finance

Junior companies on the stock market I hope I can increase the role of royalties in funding mineral exploration so that's my future and the pdc's future is President Karen ree so she'll be Hitt sitting here next year and you'll find that the pdsc is in very good hands with her oh very good I I'll look forward to that and before I let you go I know it's it's a busy time we got to get you back out on the show for any final thoughts that you would share with investors Canada's mineral sector is a

Lynch pin for economic resilience it's essential in the global transition to clean energy investors must realize they making uh an investment not only in a mining project they're making an investment in Canada's ability to produce enough critical minerals to Aid to to make to to facilitate the uh uh the energy transition ahead of us very good well thank you so much for for coming on to talk about the resource industry and what's going on at PDC really good to have you thank you Charlotte of course and and once again

I'm Charlotte McLoud with invest movies.com and this is Ray Goldie of pdhc [Music]