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Targeted Mineral Exploration Incentive

Part of the Saskatchewan Mineral Development Strategy, 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.

The TMEI provides financial assistance in the form of a grant to eligible exploration companies that undertake exploration drilling for base metals, precious metals, or diamonds in a defined geographic region (TMEI area) in Saskatchewan – see the TMEI Eligibility Area map.

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1. Benefits

  • The TMEI focuses specifically on drilling in order to support new discoveries.
  • Eligible companies can receive a grant of up to $50,000 per year for drilling undertaken in the TMEI area.
  • The overall funding level for the TMEI program will be established on an annual basis, to a maximum of $750,000 per year.
  • Eligible companies can access the TMEI through a two-step application and verification of work process.
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2. Eligibility

  • Available to mineral exploration companies that undertake drilling that targets base metals, precious metals, or diamonds on mineral dispositions in the TMEI area
  • As the TMEI is intended to promote new discoveries, drilling taking place on mining leases will not be eligible.
  • The TMEI area was selected because it has high potential for the target commodities and is in proximity to existing infrastructure. This region also includes existing mining and mineral processing operations in the Creighton-Flin Flon area.
  • Applicants that meet the eligibility requirements will qualify for a 25 per cent rebate on approved drilling costs to a maximum of $50,000 per year. Rebates will be provided on a pro-rated basis, capped by the annual funding available for the program.
  • The TMEI program will be administered by the Saskatchewan Geological Survey according to The Targeted Mineral Exploration Incentive Regulations
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3. How to Apply

  1. Read and understand The Targeted Mineral Exploration Incentive Regulations and the Information and Q&A documents.
  2. Apply for the incentive using the TMEI Application Form by the December 31, 2019, deadline.
  3. Conduct field work for the fiscal year.
  4. Provide notification of program status (February 1st, 2020). 
  5. Complete the Verification of Work Form along with required documents as set out in The Targeted Mineral Exploration Incentive Regulations and as noted above.
  6. Submit the Verification of Work Form and supporting documents by email (tmei@gov.sk.ca) if small enough, or mail to the following address by the April 30th, 2020, deadline.

    TMEI Program
    Ministry of Energy and Resources
    Saskatchewan Geological Survey
    1000-2103 11th Avenue
    Regina, SK S4P 3Z8
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5. Further Information

For more information on the program, contact tmei@gov.sk.ca.

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