REGINA - The Government of Saskatchewan's subsurface mineral public offering, held on Nov. 27, generated $1,459,502 in revenue, driven by lithium interest in the province's southeast.
Ten subsurface permit blocks, totalling 3,330 hectares, were posted in the public offering. Each of these blocks received acceptable bids.
The highest bid was $894,684 from Hub City Lithium Corporation for a 1,192-hectare block five kilometres southwest of Stoughton, which is prospective for lithium in formation water. Hub City Lithium is a joint venture between Regina-based ROK Resources Incorporated and EMP Metals Corporation.
In total, Hub City Lithium bid $1,218,045 to acquire nine permits totalling 2,292 hectares. All nine permits are in the Stoughton area and are prospective for lithium in formation water.
Prairie Land & Investment Services Limited bid $12,968 to acquire one permit for 1,037 hectares, located six kilometres southeast of Kerrobert. The permit is also prospective for lithium.
This is the second of three scheduled subsurface mineral public offerings for the 2023-24 fiscal year. The next subsurface mineral public offering is scheduled for Feb. 12, 2024.