Program Update: The SCMII will be announced as part of Budget 2024-25, to be released on March 20, 2024. Following the program’s announcement on March 20, 2024, the Ministry of Energy and Resources will conduct a brief industry engagement to finalize the SCMII regulations. Official launch of the program is expected in late spring 2024.
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.
The SCMII program is open to both pilot projects and commercial scaling projects – giving applicants the ability to test their innovations in a pilot setting then deploy them at larger commercial scales. In addition, projects executed on multiple sites and projects that include multiple phases may be considered eligible for the program under a single project application.
*Note: Helium and lithium continue to remain eligible under the SPII program until the SCMII program regulations are in force.
The SCMII is administered by the Ministry of Energy and Resources.
https://www.saskatchewan.ca/business/agriculture-natural-resources-and-industry/mineral-exploration-and-mining/saskatchewan-critical-minerals-innovation-incentive