Saskatchewan Critical Minerals Innovation Incentive (SCMII)
SK, Canada
Transferable royalty credits for critical minerals innovations
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|openingDateAugust 1, 2024
- grant_single|closingDateMarch 31, 2029
grant_single|financingType
Tax Credits
grant_single|eligibleIndustries
- Mining, quarrying, and oil and gas extraction
grant_single|grantors
- Government of Saskatchewan
grant_single|status
grant_card_status|open
grant_single_labels|preview
The Saskatchewan Critical Minerals Innovation Incentive (SCMII) offers transferable royalty credits up to a maximum of CAD$5 million for eligible innovation commercialization projects in the critical minerals sector, such as aluminum, cobalt, and lithium, among others. The program supports activities that improve material recovery, manage environmental impacts, increase processing capacity, and commercialize byproducts or waste.
grant_single_labels|projects
The eligible projects under the SCMII program are focused on enhancing the recovery and processing of critical materials, managing environmental impacts, and commercializing byproducts. These initiatives aim to drive innovation and sustainable practices in Saskatchewan's critical minerals sector.
- Projects that improve recovery of qualifying materials such as aluminum, cobalt, copper, and others.
- Initiatives aimed at managing adverse environmental impacts effectively.
- Increasing the value-added processing capacity for critical minerals.
- Commercializing the byproducts or waste from production to maximize resource utilization.
grant_single|admissibleProjectsExample
$ 4,500,000
Development of eco-friendly cobalt processing methods
$ 2,000,000
Implementing waste management systems in aluminum refining
$ 3,000,000
Pilot project for scalable lithium recycling processes
$ 3,000,000
Expanding copper production through innovative byproduct utilization
$ 2,500,000
Enhancing lithium recovery using advanced filtration techniques
$ 3,500,000
Improving processing capacity of aluminum plants
grant_single_labels|admissibility
The eligibility criteria for applying to the Saskatchewan Critical Minerals Innovation Incentive (SCMII) program are defined by specific requirements related to the innovation's characteristics, activity focus, and cost considerations.
- The innovation must be new to Saskatchewan’s industry for a qualifying material or be demonstrated on a significantly different scale or under significantly different conditions.
- The innovation must have a minimum "SCMII Technology Readiness Level" rating of Level 7, indicating it is a prototype ready for demonstration in an appropriate operational environment.
- The project must aim to improve qualifying material recovery, manage adverse environmental impacts, increase value-added processing capacity, or commercialize production byproducts or waste for a qualifying material.
- The project must involve a minimum investment of CAD$1 million in eligible capital and operating costs.
- The project must not be operational prior to the submission of the application.
grant_eligibility_criteria|who_can_apply
This grant targets companies or industries involved in the commercialization of innovations within Saskatchewan's critical minerals sectors. Eligible projects must focus on specified criteria related to innovative advancements and operational expansion.
- Projects demonstrating new technologies specific to critical minerals like aluminum, cobalt, and lithium among others.
- Initiatives aimed at scaling commercial operations or maximizing resource recovery.
- Projects aiming to enhance environmental management or process efficiency within critical minerals extraction or processing.
- Innovations in commercialization of byproducts or waste resulting from critical minerals production.
grant_eligibility_criteria|who_cannot_apply
This grant does not exclude any specific types of companies or industries explicitly. The information provided does not specify particular restrictions based on the status or main activity of the company.
grant_eligibility_criteria|eligible_expenses
Eligible expenses for the SCMII grant focus on costs directly associated with implementing and advancing qualifying projects.
- Costs that meet a minimum of CAD$1 million related to eligible capital and operating expenditures.
- Costs incurred for activities aimed at improving qualifying material recovery.
- Expenses for managing adverse environmental impacts related to the project.
- Expenditures to increase value-added processing capacity.
- Costs associated with commercializing production byproducts or waste for qualifying materials.
grant_eligibility_criteria|zone
This grant program is open to companies potentially located across various regions as the funding body is a provincial government. However, no specific geographical limitations are mentioned in the available information.
grant_single_labels|register
- Step 1: Download Application Form
- Visit the SCMII website to download the SCMII Application Form.
- Step 2: Prepare Application Document
- Complete the SCMII Application Form with all necessary information.
- Gather all relevant supporting documents to demonstrate project eligibility.
- Step 3: Submit Application
- Email the completed SCMII Application Form and supporting documents to scmii@gov.sk.ca.
- Step 4: Application Confirmation
- Receive confirmation from the Ministry of Energy and Resources indicating receipt of your application.
- Step 5: Application Assessment
- The Ministry will assess whether the application meets the eligibility requirements.
- Step 6: Conditional Approval
- Receive a Letter of Conditional Approval if eligible, providing further instructions for formal agreement.
- Step 7: Enter Formal Agreement
- Sign a formal agreement with the Ministry detailing project execution parameters.
- Step 8: Execute Project
- Carry out the project according to the terms outlined in the agreement.
- Step 9: Submit Royalty Credit Application
- Submit a Royalty Credit Application via the IRIS platform once a minimum of CAD$1 million in eligible costs have been incurred.
- Step 10: Eligible Cost Review
- The Ministry reviews submitted costs to confirm eligibility.
- Step 11: Approval and Credit Issuance
- Receive a Certificate of Approval confirming the amount of credits earned based on eligible costs.
- Step 12: Transfer Credits
- Execute a credit transfer through a Royalty Credit Transfer Application via IRIS if needed.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- The SCMII credits are fully transferable, allowing applicants who do not pay royalties to benefit from the program.
- The program allows for the inclusion of costs incurred by firms other than the principal applicant within multi-company projects.
- The credit cap is project-specific, with a maximum of CAD$5 million in credits, recognizing up to CAD$20 million in eligible costs per project.
- The program allows for costs recognized from April 1, 2024, onwards, except for helium and lithium projects, where costs are recognized from January 1, 2018.
- SCMII credits can be used alongside other incentive and grant programs available in Saskatchewan.
- The program permits projects executed on multiple sites and those with multiple phases under a single application.
grant_single_labels|contact
scmii@gov.sk.ca
