Released on June 29, 2018
The Government of Saskatchewan has released the schedule for Subsurface Mineral Rights Public Offerings, making the transition to a competitive auction process for rights to potash and brine mineral exploration and development.
The province’s first Subsurface Mineral Rights Public Offering will be held December 18, 2018. The public offering process under The Subsurface Mineral Tenure Regulations is similar to that for oil and gas tenure. Subsurface mineral dispositions allow the holder to explore for all natural mineral salts and their compounds occurring more than 60 metres below the land surface.
“The implementation of the Subsurface Mineral Rights Public Offering process is a milestone in the history of Saskatchewan’s potash and brine minerals industry,” Energy and Resources Minister Bronwyn Eyre said. “The competitive bid process was prompted by the need to modernize the province’s procedure for disposing of subsurface mineral rights and will enhance Saskatchewan’s already strong competitive position compared to other mining jurisdictions.”
Subsurface Mineral Rights Public Offerings will subsequently be held every April, August and December. The 2019 schedule will be released in August 2018.
Effective immediately, the ministry is accepting nominations for upcoming subsurface mineral rights public offerings, and additional information is posted on the Ministry website. The current schedule can be viewed at www.saskatchewan.ca/business/agriculture-natural-resources-and-industry/oil-and-gas/crown-land-sales-dispositions-and-tenure/public-offerings.
There has been recent interest in subsurface minerals such as lithium, used in electric car batteries, which can be extracted from brine and formation waters. Natural mineral salts present in Saskatchewan include boron, calcium, lithium, magnesium, potassium, sodium, bromine, chlorine, fluorine, iodine, nitrogen, phosphorus and sulfur.
Saskatchewan is the world’s leading potash mining jurisdiction and is considered to be one of the most favourable jurisdictions in the world for investment in mineral exploration.
For more information, contact:
Trade and Export Development