Lithium Interest Drives $1.45 Million Subsurface Mineral Public Offering

Released on November 30, 2023

This has been amended from a previous version.

The Government of Saskatchewan's subsurface mineral public offering held on Monday, November 27, 2023, generated $1,459,502.41 in revenue, driven by lithium interest in the province’s southeast.

Ten subsurface permit blocks totaling 3,330.308 hectares were posted in the current public offering. Each of these blocks received acceptable bids.

The highest bid was $894,684.45 from Hub City Lithium Corp. for a 1,192.913 hectare-block five kilometres southwest of Stoughton, east of Weyburn, that is prospective for lithium in formation water.

In total, Hub City Lithium Corp. bid $1,169,485.40 to acquire five permits totaling 1,645.340 hectares. All five permits are in the Stoughton area and are prospective for lithium in formation water.

NRG Land Solutions Inc. bid $208,468.70 to acquire one permit totaling 1,037.496 hectares, located six kilometres southeast of Kerrobert. The permit is also prospective for lithium.

Synergy Land Services Ltd. bid $81,548.31 to acquire four permits totaling 647.472 hectares. These permits are located in the Stoughton area, east of Weyburn, and are prospective for lithium in formation water. 

The next subsurface mineral public offering for the current fiscal year is scheduled for February 12, 2024.

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