YMP Toronto's Mining Cares Raises $190,420 for COVID-19 Response
TORONTO, May 19, 2020 /CNW/ - Young Mining Professionals Toronto ("YMP Toronto") is pleased to announce that its Mining Cares initiative has raised $190,420 for the United Way Greater Toronto ("UWGT") COVID-19 Emergency Relief Fund.
Generous donors of YMP Toronto raised $95,210, with YMP Toronto matching the first $5,000 of donations. All of these funds were matched by Polar Asset Management and other leaders in the asset management sector resulting in an overall total of $190,420. All donations will be invested in the community to help those most affected by COVID-19.
YMP Toronto, through its Mining Cares initiative, is engaging the mining industry at large, including its corporate partners and young people, in a coordinated effort aimed at providing much needed assistance to those who are most vulnerable to the effects of COVID-19. YMP Toronto is a proud partner of UWGT and 100% of the funds raised go directly to the UWGT COVID-19 Emergency Relief Fund.
The funds raised through Mining Cares would not be possible without the support from the mining industry and members of YMP Toronto. YMP Toronto would like to thank the following corporate donors for their ongoing support of the UWGT: Alamos Gold Inc., Agnico Eagle Mines Limited, Franco-Nevada Corporation, IAMGOLD Corporation, Evolution Mining Limited, CIM Toronto and Polar Asset Management.
Donations continue to be accepted. Please support Mining Cares and donate here.
About YMP Toronto
YMP Toronto is a not-for-profit organization of mining professionals that share the goal of advancing the global profile and leadership of the mining and exploration industry.
In 2018 YMP Toronto established the YMP Scholarship Fund, a registered Canadian charity that has raised well over $300,000. The YMP Scholarship Fund's mandate is to donate 100% of donor receipts to scholarship recipients.
For any enquires regarding YMP Toronto's scholarship program or its Mining Cares initiative, please visit www.ympscholarships.com/mining-cares/ or at [email protected].
About the United Way Greater Toronto
UWGT and the network of agencies they support are stepping up to support those most impacted by the crisis. There is no denying that more individuals and families than ever before are in crisis because of COVID-19.
UWGT's current priorities are the following:
- Help for seniors to ensure that while isolated, they are also supported;
- Basic needs to ensure isolated people have access to food and supplies;
- Mental health support to enable a continuum of care ranging from soft reach outs to distress and crisis support; and
- Capacity for community services to ensure that they can continue to do their vital local work and reach out to the most isolated.
UWGT is taking immediate action during this unprecedented community crisis through the following:
- Partnering with local government and UWGT's network of agencies to ensure that there are no gaps in essential services or unmet emergency needs;
- Providing ongoing flexible funding and new emergency funding to UWGT's agencies so that they have the resources they need to meet rising demand; and
- Acting as a trusted partner in administering federal funding.
Since March, UWGT has approved almost $1 million in rapid response emergency funding to over 70 projects across the GTA.
Additionally, UWGT continues to invest over $6 million per month in its network of 270 agencies across Peel, Toronto and York Region.
SOURCE Young Mining Professionals Toronto
For any enquires regarding YMP Toronto's scholarship program or its Mining Cares initiative, please visit www.ympscholarships.com/mining-cares/ or at [email protected].
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