REGINA - The Government of Saskatchewan's first subsurface mineral public offering of the 2024-25 fiscal year, held on July 8, generated $5,935,425 in revenue, driven by interest in lithium potential.
Of the 18 subsurface permits posted for this offering, 16 received acceptable bids covering 39,650.88 hectares. The permits, which are prospective for lithium, are located primarily in southeast Saskatchewan.
Synergy Land Services Ltd. spent $3,928,901 to acquire 11 permits for a total of 29,292.46 hectares. The permits are between Stoughton, Arcola and Lampman.
The highest bid also went to Synergy Land Services Ltd., which offered $976,229 for a 7,413.52-hectare block northeast of Lampman.
Millennium Land Ltd. bid $1,974,126 to acquire four permits for a total of 9,061.05 hectares between Stoughton and Arcola.
In west-central Saskatchewan, NRG LandSolutions Inc. bid $32,397 to acquire one permit southeast of Kerrobert, measuring 1,297.37 hectares.
Lithium is one of the 27 critical minerals that occur in Saskatchewan that will play a key role in the province achieving the goals set out in Saskatchewan's Critical Minerals Strategy. Several firms are actively pursuing lithium exploration and production in the province.
There are three subsurface mineral public offerings scheduled for each fiscal year. The next offering is slated for Nov. 25.
