Refined tellurium is shown in Magna, Utah in a Wednesday, May 11, 2022 photo. The Saskatchewan government is launching a critical minerals strategy with the hope of growing the industry. The strategy aims to double the number of critical minerals produced in Saskatchewan by 2030. THE CANADIAN PRESS/AP/Rick Bowmer
REGINA – The Saskatchewan government is launching a critical minerals strategy with the hope of growing the industry.
It aims to double the number of critical minerals produced in Saskatchewan by 2030.
It also wants industry to spend more on exploration.
The province hopes to achieve this by expanding an exploration tax credit to 30 per cent from 10 per cent.
It is also providing an additional $3.25 million through a grant program available to companies looking to explore minerals.
Saskatchewan has 23 of the 32 products listed on Canada’s critical minerals list, including rare earth elements, lithium and copper.
This report by The Canadian Press was first published March 27, 2023.
