You can add another 3.3 million dollars to revenue for the government of Saskatchewan.
The government held its subsurface mineral offering this week, selling 10 of these subsurface permit blocks, covering more than 136thousand hectares.
The highest bid was $2.7 million from Windfall Resources Ltd. for a 33,704.330 hectare block 30 kilometers north of Moose Jaw that is prospective for potash.
The highest dollars per hectare bid was for a parcel 11 km south of Kerrobert that is prospective for minerals in formation water such as lithium. The permit, received a bid of $102.65 per hectare for a total of $159,928.70.
This is the second of three offerings of mineral rights planned for this fiscal year.
The first in June didn’t receive any bids on the parcels posted, and no parcels were requested for the February 2023 sale, the November sale is effectively the final and only sale of the fiscal year to generate revenue.
