Language

Google Translate Disclaimer

A number of pages on the Government of Saskatchewan's website have been professionally translated in French. These translations are identified by a yellow box in the right or left rail that resembles the link below. The home page for French-language content on this site can be found at:

Renseignements en Français

Where an official translation is not available, Google™ Translate can be used. Google™ Translate is a free online language translation service that can translate text and web pages into different languages. Translations are made available to increase access to Government of Saskatchewan content for populations whose first language is not English.

Software-based translations do not approach the fluency of a native speaker or possess the skill of a professional translator. The translation should not be considered exact, and may include incorrect or offensive language. The Government of Saskatchewan does not warrant the accuracy, reliability or timeliness of any information translated by this system. Some files or items cannot be translated, including graphs, photos and other file formats such as portable document formats (PDFs).

Any person or entities that rely on information obtained from the system does so at his or her own risk. Government of Saskatchewan is not responsible for any damage or issues that may possibly result from using translated website content. If you have any questions about Google™ Translate, please visit: Google™ Translate FAQs.

Increased Investments Strengthen Saskatchewan's Mining and Energy Sectors

Released on March 20, 2024

The 2024-25 Budget supports Saskatchewan's world-class natural resource industries through strategic investments in geoscience, oil and gas, and critical minerals. 

"Saskatchewan's energy and mining sectors continue to drive our strong and growing economy," Energy and Resources Minister Jim Reiter said. "We will ensure that Saskatchewan remains one of the best places in the world to invest in exploration and resource development."

This year's budget includes $10.0 million in funding over 10 years for the Public Geoscience Initiative. This investment will increase exploration to support the province's Critical Minerals Strategy. 

More funding will also be allocated to two existing programs in addition to making room for a specific focus on critical minerals:

  • The existing Oil and Gas Processing Investment Incentive has been extended to 2029, and an additional $130.0 million will now support this program as well as the newly created Critical Mineral Processing Investment Incentive.
  • The existing Saskatchewan Petroleum Innovation Incentive has also been extended to 2029, and an additional $70.0 million will support this program, along with a newly created program called the Saskatchewan Critical Minerals Innovation Incentive.

Saskatchewan is also introducing a new multilateral well drilling program to grow incremental oil production in the province. These programs support the Growth Plan goal of increasing oil production by 25 per cent to 600,000 barrels per day.

At the same time, Saskatchewan continues to focus on regulatory excellence to maintain a reliable and competitive business environment. Over the coming year, work will continue to ensure a compliance management framework that is clear and consistent, and will modernize field inspections and incident reporting.

More than 50,000 Saskatchewan residents are employed in the mining and energy sectors, contributing to a strong and growing economy that benefits everyone in the province.

-30-

For more information, contact:

Natosha Lipinski
Energy and Resources
Regina
Phone: 306-787-6506
Email: natosha.lipinski@gov.sk.ca
Cell: 306-510-3784

We need your feedback to improve saskatchewan.ca. Help us improve