The history of the industrial development of the Russian Arctic is not only inextricably linked to the extraction and processing of liquid hydrocarbons, but also solid mineral deposits. Today, with government support, projects to develop new solid mineral deposits are well under way, including for gold, copper, lead, zinc, nickel, silver, platinum, tin, and coal. Additional mechanisms are also being put in place to foster ongoing development in the sector. Given the tough geological and climatic conditions in the region, one of the governments most important tasks is to draw up an effective regulatory framework to encourage companies to set up operations in the region, boost geological prospecting work, protect the environment, and promote the efficient use of subsoil resources. What measures could the government implement to ensure the profitability of mining projects in the Arctic? What specific steps need to be taken to increase the level to which the Arctic is studied?