TORONTO–(BUSINESS WIRE)–Marquest Asset Management Inc. (“Marquest”) is pleased to announce the launch of Marquest Critical Minerals 2022 Super Flow-Though Limited Partnership (“Partnership”), the first Flow-Through Limited Partnership in Canada focused 100% on Critical Minerals.
Critical Minerals are considered to be building blocks for clean and digitized economy; and the Government of Canada has identified a range of such minerals considered essential for the sustainable economic success of Canada and its allies positioning the country as a leading mining nation. Such minerals include Copper, Nickel, Zinc, Lithium, Graphite, Potash, Uranium, Aluminium, Rare Earth Elements and other strategic minerals.
In the Federal Government Budget in April 2022, the Government provided for direct financial support to its Critical Minerals strategy and introduced a new 30% tax credit to benefit investors in mining companies that explore for certain specified Critical Minerals (the Critical Minerals Exploration Tax Credit or “CMETC”).
The Partnership’s objective is to provide unitholders with tax-efficient participation in Canada’s growing Critical Minerals sector by investing 100% of available funds in a diversified portfolio of Critical Minerals Flow-Through issuers that qualify for CMETC.
The Partnership intends to provide liquidity to Limited Partners through a tax-deferred rollover on or before November 30, 2023.
The Partnership is available for purchase on Fundserv and will be eligible to Canadian individual investors only.
Marquest is one of Canada’s leading flow-through investment management firms and is committed to helping investors maximize their tax strategies, manage risk and provide the potential for strong after-tax returns.
Andrew McKay, 416-777-7350
161 Bay Street, Suite 4010, Toronto, ON M5J 2S1