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ARTICLE · 26 JUNE 2020

Applications Open For Saskatchewan Targeted Mineral Exploration Incentive

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On June 23, 2020, the government of Saskatchewan announced the opening of the application window for the Targeted Mineral Exploration Incentive ("TMEI") program for 2020-2021.

CanadaEnergy and Natural Resources
Erin Eccleston
Erin Eccleston
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On June 23, 2020, the government of Saskatchewan announced the opening of the application window for the Targeted Mineral Exploration Incentive ("TMEI") program for 2020-2021.

As part of the Saskatchewan Mineral Development Strategy, the TMEI offers eligible mineral exploration companies a 25% rebate on approved direct drilling costs up to a maximum of $50,000 per fiscal year. The TMEI is intended to promote new discoveries. It is available to mineral exploration companies that undertake drilling for base metals, precious metals, or diamonds on mineral dispositions. Companies drilling on mining leases are not eligible.

Eligibility

Eligible applicants include:

  • A holder of a Saskatchewan mineral claim that is registered in accordance with The Mineral Tenure Registry Regulations and in good standing; and

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