Saskatchewan and Ontario Invest in Critical Minerals Amid Oil Revenue Decline
Saskatchewan's 2026-27 budget allocates $3.5 million for critical mineral investments, projecting $940.9 million from potash and $721 million from oil royalties. The province aims for copper, zinc, and lithium production by 2026. Ontario supports 68 exploration projects to enhance its critical minerals sector and is modernizing its strategy.
Saskatchewan's budget for 2026-27 emphasizes critical mineral investments, forecasting $940.9 million from potash and $721 million from oil royalties. The province plans to achieve commercial production of copper, zinc, and lithium by 2026, backed by a $3.5 million exploration incentive. Concurrently, Ontario is bolstering its critical minerals sector by supporting 68 exploration projects and engaging in consultations to update its strategy.
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