Leaders in the global mining movement

The Saskatoon Region is a powerhouse in the mining sector, playing a crucial role in providing essential minerals and resources to the world. Renowned for its vast deposits of potash and uranium, the Region is home to some of the largest mining operations globally.

These minerals are vital for agriculture, energy production, and numerous industrial applications, making the Region a cornerstone of global supply chains. With a commitment to sustainable practices and innovation, the Saskatoon Region continues to lead in mining excellence, ensuring a steady supply of critical resources for future generations.

Our workforce

We know that from people and potential comes prosperity. Our talent pool is eager, qualified, and highly employable with a prairie work ethic recognized around the world.

Notable Saskatoon Region Companies

The Saskatoon Region, located at the heart of Saskatchewan’s resource-rich landscape, is a global hub for mining, particularly known for its leadership in potash, uranium, and other essential minerals.

At a glance

23

critical minerals

23 of Canada’s critical minerals can be found in Saskatchewan.

#1

in Canada

2023 Annual Survey of Mining Companies ranked Saskatchewan as number one in Canada and third in the world for investment attractiveness based on mining sector potential.

30%

of the world’s potash

Saskatchewan leads as the world’s top potash producer, contributing 30% of global production with half of the world’s reserves.

First

Rare Earth Processing Facility

Saskatoon is home to North America’s first fully integrated Rare Earth Processing Facility.

1.5%

of the world’s helium

In 2022, Saskatchewan produced 1.5% of the world’s helium from just 15 wells.

Business Incentives

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Targeted Mineral Exploration Incentive (TMEI)

The Targeted Mineral Exploration Incentive (TMEI) supports the diversification of Saskatchewan’s mineral sector by encouraging exploration for base metals, precious metals, and diamonds. Other components of the strategy include the provision of new airborne geophysical data and complementary ground-based geoscience investigations.

Saskatchewan Business Incentives

Saskatchewan Petroleum Innovation Incentive (SPII)

The Saskatchewan Petroleum Innovation Incentive (SPII) is intended to encourage research, development, and demonstration of new technologies that facilitate the expanded production of Saskatchewan’s oil and natural gas resources.

Saskatchewan Oil and Gas Incentives

Saskatchewan Mineral Exploration Tax Credit (SMETC)

Saskatchewan residents can invest in mineral exploration activities within the province by purchasing eligible flow-through shares issued by approved mineral exploration companies under the Saskatchewan Mineral Exploration Tax Credit (SMETC) program. The tax credit is 25 per cent (10 per cent provincial and 15 per cent federal).

Saskatchewan Mining Credits

Saskatchewan Critical Minerals Innovation Incentive (SCMII)

The Saskatchewan Critical Minerals Innovation Incentive (SCMII) offers transferable Crown royalty/freehold production tax credits for qualified innovation commercialization projects at a rate of 25 per cent of eligible projects costs. The SCMII targets a broad range of innovations deployed across all segments of Saskatchewan’s aluminum, cobalt, copper, gallium, helium*, lithium*, magnesium, nickel, rare earth elements and zinc industries.

Saskatchewan Mining Incentives

Oil Infrastructure Investment Program (OIIP)

The Oil Infrastructure Investment Program (OIIP) offers transferable oil and gas royalty/freehold production tax credits for qualified projects at a rate of 20 per cent of eligible project costs.

Saskatchewan Oil and Gas Incentives

Inbound Hosting Program

Explore new opportunities and build valuable connections in the Saskatoon Region with SREDA’s Inbound Hosting Program. If you’re a non-local company eyeing business investment and expansion opportunities in the Region, this program offers logistical and financial support for travel, ensuring a seamless experience.

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