YMEP funding for the 2021–22 season was $1.4M. The Canadian Northern Economic Development Agency (CanNor) contributed an additional $80 000 to the YMEP budget. The funding ratio for Target Evaluation and Placer projects remained at a 60/40 (YMEP/proponent) for up to $40 000 of funding for the 2021–22 season. The funding ratio for Focused Regional programs is 75/25 (YMEP/proponent) for up to $25 000 of funding, and 100% for Grassroots projects for up to $15 000 of funding.
In 2021, 76 applications were submitted, seeking in excess of $2.4M of funding. These included 5 applications for the Grassroots module, 14 for the Focused Regional module, 24 for the Target Evaluation module and 33 for the Placer module. Fifty-two projects were selected for funding: 32 hard rock exploration projects (1 Grassroots, 9 Focused Regional, and 22 Target Evaluation); and 20 placer projects.