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Saskatchewan Critical Minerals Innovation Incentive (SCMII)
Transferable credits for critical minerals innovation
Funding available
$ 1,000,000 - $ 5,000,000
Deadline
March 31, 2029
Location
Saskatchewan, Canada
Overview
This program provides transferable royalty credits worth 25% of approved eligible costs. It supports innovative critical minerals projects in Saskatchewan, including pilot, demonstration, commercial scaling, and commercialization activities.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase production or service capacity
- Develop a new product or service
- Increase operational productivity
Eligible Funding
- Maximum amount : 5,000,000 $
- Minimum amount : 1,000,000 $
- Up to 25% of project cost
Funds Providers
Eligible candidates
Eligible Industries
- All industries
Location
- Saskatchewan
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Startups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Improving recovery of a qualifying material
- Managing adverse environmental impacts
- Increasing value-added processing capacity
- Commercializing production byproducts or waste
Documents Needed
- Completed SCMII Application Form
- Certificate of Incorporation
- Technology Supplier Letter
- Eligible Cost Submission Form
- Assurance Report from a licensed CPA
Official resources
Program guide
Eligibility
Who is eligible?
- Corporate entities
- Companies in critical minerals innovation
- Pilot and commercial scaling project proponents
Who is not eligible
- Government bodies and Crown agencies
- Not-for-profit corporations
Eligible expenses
- Land and real property
- Depreciable assets and equipment
- Professional services, installation, transport, and construction costs
- Specialized software, intellectual property licensing, and engineering/design labour
- Selected operating costs for up to 24 months, if agreed
Ineligible Costs and Activities
- Administration and overhead
- Travel, subsistence, promotion, and marketing
- GST, PST, and HST
- Feasibility studies and generic software costs
- Non-arm’s-length transactions and duplicate costs
Eligible geographic areas
- Saskatchewan
Selection criteria
- Innovation novelty or significant scale change
- Technical readiness at Level 7 or higher
- Strong link to an eligible project activity
- Project feasibility and commercial operability
How to apply
- Step 1: Download the application form
- Review the program regulations and policy guidelines.
- Complete the SCMII Application Form and attach required supporting documents.
- Step 2: Submit the application
- Email the completed form and supporting documents to scmii@gov.sk.ca.
- Wait for confirmation of receipt or notice of incompleteness.
- Step 3: Receive application decision
- The Ministry reviews the application against eligibility requirements.
- Successful applicants receive a Letter of Conditional Approval by email.
- Step 4: Sign the agreement
- Enter into a formal agreement with the Ministry of Energy and Resources.
- Follow the project description, timelines, and eligible cost terms in the agreement.
- Step 5: Claim credits through IRIS
- After incurring eligible costs, submit the Royalty Credit Application and Eligible Cost Submission Form via IRIS.
- Include required supporting documentation, then await the Certificate of Approval.
Processing and Agreement
- Application is reviewed against program requirements
- Successful applicants receive a Letter of Conditional Approval
- A formal agreement is signed before credits can be earned
- Eligible costs are reviewed before a Certificate of Approval is issued
- Approved credits are then applied or transferred through IRIS
Additional information
- Other provincial incentives do not affect eligibility.
- Projects may involve multiple sites or phases under one application.
- Royalties credits are transferable through IRIS.
- Unused credits expire on March 31, 2040.
Contacts
Frequently Asked Questions about the Saskatchewan Critical Minerals Innovation Incentive (SCMII) Program
What is the Saskatchewan Critical Minerals Innovation Incentive (SCMII)?
This program provides transferable royalty credits worth 25% of approved eligible costs. It supports innovative critical minerals projects in Saskatchewan, including pilot, demonstration, commercial scaling, and commercialization activities.
How much funding can be received?
Saskatchewan Critical Minerals Innovation Incentive (SCMII) Funds up to 25% of admissible expenses, capped at $5,000,000 per project.
Who is eligible for the Saskatchewan Critical Minerals Innovation Incentive (SCMII) program?
To be eligible for the Saskatchewan Critical Minerals Innovation Incentive (SCMII) program, you must:
Eligible innovation at TRL 7+
Minimum CAD$1 million in eligible costs
Project not operational before application
What expenses are eligible under Saskatchewan Critical Minerals Innovation Incentive (SCMII)?
Improving recovery of a qualifying material
Managing adverse environmental impacts
Increasing value-added processing capacity
Commercializing production byproducts or waste
Who can I contact for more information about the Saskatchewan Critical Minerals Innovation Incentive (SCMII)?
You can contact Government of Saskatchewan by email at scmii@gov.sk.ca.
Where is the Saskatchewan Critical Minerals Innovation Incentive (SCMII) available?
The Saskatchewan Critical Minerals Innovation Incentive (SCMII) program is available the province of Saskatchewan.
Is the Saskatchewan Critical Minerals Innovation Incentive (SCMII) a grant, loan, or tax credit?
Saskatchewan Critical Minerals Innovation Incentive (SCMII) is a Tax Credits