Saskatchewan Critical Minerals Innovation Incentive (SCMII)
No fixed amount
Tax Credit
Description:
The Saskatchewan Critical Minerals Innovation Incentive (SCMII) offers transferable royalty credits for qualified innovation commercialization projects at a rate of 25 per cent of eligible projects costs. SCMII targets a broad range of innovations deployed across all segments of Saskatchewan’s aluminum, cobalt, copper, gallium, helium, lithium, magnesium, natural graphite, nickel, rare earth elements and zinc industries.
The SCMII program is open to both pilot projects and commercial scaling projects – giving applicants the ability to test their innovations in a pilot setting then deploy them at larger commercial scales. In addition, projects executed on multiple sites and projects that include multiple phases may be considered eligible for the program under a single project application.
The Ministry of Energy and Resources may recognize the re-deployment of an existing innovation as an eligible project as long as it is demonstrated that:
It is considered necessary to overcome substantial technical challenges or proof of concept challenges; or
It is conducted under different operating conditions that pose significantly new technical challenges.
SCMII is administered by the Ministry of Energy and Resources.
Comments on Funding:
A 15% credit on eligible project costs.
Continuous Intake until March 31, 2029
Eligibility:
Applicants must be:
1. Businesses that have either pilot projects and commercial scaling projects – giving applicants the ability to test their innovations in a pilot setting then deploy them at larger commercial scales.
2. The SCMII targets a broad range of innovations deployed across all segments of Saskatchewan’s aluminum, cobalt, copper, gallium, helium*, lithium*, magnesium, nickel, rare earth elements and zinc industries.
Application Steps:
Applicants must:
1. Download the SCMII Application Form from the SCMII website.
2. E-mail the completed form and any supporting documents to the Ministry of Energy and Resources at scmii@gov.sk.ca.
3. The Ministry of Energy and Resources will confirm receipt of the completed application form or indicate the form as
being incomplete by e-mailing the address provided in the Application Form’s Section 1: Contact Person
Information.
4. The Ministry of Energy and Resources will process the completed application form and assess the proposed project
against the eligibility requirements established in The Saskatchewan Critical Minerals Innovation Incentive
Regulations.
5. Once the application assessment has concluded, successful applicants will receive a Letter of Conditional Approval to
the SCMII program via e-mail to the address provided in the Application Form’s Section 1: Contact Person
Information.
6. Following conditional approval, the applicant and the Ministry of Energy and Resources will enter into a formal
agreement. The agreement will detail the proposed project’s description and operational plan, an itemized listing of
eligible costs, construction/operational timelines, other relevant parties participating in the project, and other
similar information. For the purposes of improving a third party’s ability to audit eligible costs, it is recommended
that the applicant’s auditor be engaged during the agreement drafting phase.
7. After an agreement is finalized,
Documentation Needed:
Applicants must submit:
1. a completed SCMII Application Form;
2. additional information, as requested.
Other Things to Note:
About the author
Maurice
