YMP launches C$61.5K scholarship fund, including new lottery scholarship

Iamgold donating $4,000 to the Young Mining Professionals (YMP) Canadian Mining Scholarship in November 2019, from left: Steve Letwin, (former) president and CEO of Iamgold; scholarship award winner Alex Bateman; and Anthony Moreau, business development and innovation manager at Iamgold. Credit: Young Mining Professionals.

The Young Mining Professionals (YMP) has announced the 2020 launch of its YMP Scholarship Fund, with a total of C$61,500 available for the 2020-21 academic year for students studying mining-related programs in Canada.

“The idea for the scholarships was not only to support students but also to help our industry address the talent gap,” Stephen Stewart, director of YMP Toronto and president and CEO of Orefinders Resources, said in an interview.

“We wanted to incentivize our students to study geology, mining engineering and mining-related disciplines by supporting the next generation of mining professionals.”

Each of YMP’s scholarships includes cash incentives as well as internships with some of the donor companies

YMP is an international association of mining professionals located in the major mining regions of the world. YMP’s role, Stewart added, is to help participants obtain the skills, support and knowledge to successfully advance their careers, develop a network of contacts within the industry.

Each of YMP’s scholarships includes cash incentives as well as internships with some of the donor companies. This year also includes the inaugural Mining Lottery Scholarship.

“The lottery is a new concept that we came up with this year,” Stewart said. “The idea was to cast a wider net to see if we could make a bigger impact by giving smaller tranches to as many people as we can. The only criteria being that you are enrolled in a program for September.”

The lottery currently has $16,500 for 33 students, Stewart added, with the winners selected at random starting the week of June 1 and biweekly draws until the funds out. Click here for more information on the Lottery and how to apply.

This year, the scholarships are being funded by Barrick Gold (TSX: ABX; NYSE: GOLD), Agnico Eagle Mines (TSX: AEM; NYSE: AEM), TD Bank (TSX: TD), Kinross Gold (TSX: K; NYSE: KGC), IAMGOLD (TSX: IMG; NYSE: IAG), Orefinders Resources (TSXV: ORX), Mistango River Resources (CSE: MIS), Champion Iron (TSX: CIA; ASX: CIA), Osisko Mining (TSX: OSK) and Yamana Gold (TSX: YRI; NYSE: AUY).

The YMP Scholarship Fund 2020 program includes:

The Peter Munk Scholarship  — A $10,000 scholarship in partnership with Barrick, as well as an interview for an internship with Barrick, will be awarded to a student who embodies Peter Munk’s entrepreneurial spirit.

The Agnico Eagle Perseverance/Kajussissimainarniq Scholarship — A $10,000 scholarship in partnership with Agnico Eagle, as well as an interview for an internship with Agnico Eagle, will be awarded to a Nunavut Inuit student pursuing a career in mining.

TD Securities Women in Mining Scholarship — A $5,000 scholarship will be awarded to an exceptional female currently in a mining-specific undergraduate program at a Canadian university.

TD Securities Mining Capital Markets  — A$5,000 scholarship will be awarded to an exceptional student currently in a mining-specific undergraduate program at a Canadian university with a keen interest in capital markets.

Kinross Scholarship —Four $2,500 scholarships (two for males and two for females) funded by Kinross will be awarded to full-time undergraduate students attending any Canadian university and studying a technical mining field, such as mining engineering, geotechnical engineering, metallurgy, geological engineering and geology. An internship interview opportunity will be provided.

(This article first appeared in The Northern Miner)

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