Applications being accepted for Saskatchewan’s Targeted Mineral Exploration Incentive

Companies looking to explore minerals in Saskatchewan can now submit applications for financial assistance.

Applications for the expanded Targeted Mineral Exploration Incentive can be found online at

In a news release, the province says the incentive was expanded in the 2023-24 Budget to encourage more exploration and drilling, particularly for critical minerals.

Total funding available has been raised to $4-million, and eligible companies can receive a rebate of up to 25 percent of drilling costs – up to $150-thousand per company, and up to $50-thousand for uranium drilling.

The incentive is applicable to all hard rock exploration projects at any location throughout the province.

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