Saskatchewan introduces 25% tax credit for critical mineral projects
https://tnc.news/2024/03/13/saskatchewan-tax-credit-mineral-projects/
“We’re going to be talking about why Saskatchewan is the right place in the world to invest. We’re really highlighting the strengths we have in the natural resource sector and also highlighting the strengths we have on the policy front (and announcing) new incentives, in addition to a host of existing incentives,” said Harrison.
The strategy’s cornerstone is a generous 25% tax credit for commercialization projects involving critical minerals, complemented by a 15% tax credit for new investments in critical minerals processing.
Saskatchewan Critical Minerals Innovation Incentive (SCMII)
Critical Minerals Processing Investment Incentive (CMPII)
These incentives are part of a broader effort to position Saskatchewan as a global investment destination, particularly for the natural resource industry."
Also interesting is this, not sure how relevant it will be to Prairie drilling but SK Minister of Energy Jim Reiter is pictured with Zach Maurer in the article:
Are multi-laterals the next big thing in oil? Saskatchewan bets heavy on it with new incentive program
https://pipelineonline.ca/are-multi-laterals-the-next-big-thing/
He gives an example for a specific 3 million dollar well, the capital cost would be reduced by 50%.
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