Targeted Mineral Exploration Incentive

• The TMEI focuses specifically on supporting drilling, which is necessary for new discoveries;
• Overall annual program funding of $4 million;
• Eligible companies can receive a grant of 25% of direct drilling costs
  • up to $50,000 per year for uranium drilling; or
  • up to $150,000 per year for all other hard rock mineral projects;
• Straightforward application and verification process;
• From 2018 to 2024, 69 successful applications have collectively received over $4.0 million in TMEI funding for drill programs totalling 657 drill holes and $117.2 million in project expenditures.

• Available to mineral exploration companies, or their designates, that hold a mineral claim and undertake drilling;
• All minerals regulated under The Mineral Tenure Registry Regulations are eligible at any location in Saskatchewan;
• As the TMEI is intended to promote new discoveries and advance existing programs towards a development decision; drilling taking place on mining leases are not eligible;
• The TMEI program is regulated under The Targeted Mineral Exploration Incentive Regulations (2018) and The Targeted Mineral Exploration Incentive Amendment Regulations, 2023 and administered by the Saskatchewan Geological Survey branch of the Ministry of Energy and Resources.

The TMEI applications are based on a fiscal year from April 1 to March 31.

1. Read and understand The Targeted Mineral Exploration Incentive Regulations, The Targeted Mineral Exploration Incentive Amendment Regulations, 2023 and the Information and FAQs.
2. Apply for the incentive using the TMEI Application Form by December 31 of the fiscal year.
3. Conduct field work for the fiscal year.
4. Provide notification of program status February 1 of the fiscal year.
5. Complete the Verification of Work Form along with required documents as set out in The Targeted Mineral Exploration Incentive Regulations and The Targeted Mineral Exploration Incentive Amendment Regulations, 2023.
6. Submit the Verification of Work Form and supporting documents by email (tmei@gov.sk.ca) if small enough, by mail to the following address, or by secure file transfer on request by April 30 of the fiscal year.
   
   TMEI Program
   Ministry of Energy and Resources
   Saskatchewan Geological Survey
   610-1945 Hamilton Street
   Regina, SK S4P 2C7

TMEI Application Form

Verification of Work Form

For more information on the program, contact tmei@gov.sk.ca.