Discover why Saskatchewan is a global leader in energy, mining and advanced manufacturing, providing investors with abundant opportunities for a resource-rich, innovative-driven economy.
Located in the heart of Canada, Saskatchewan has the resources needed to ensure generational food and energy safety.
Saskatchewan is one of the only jurisdictions in the world, and sustainably produces renewable energies such as crude oil, natural gas, helium, potassium, uranium, gold, and aqueous-generated electricity. In an annual survey from the Fraser Institute, international mining executives ranked number one in Canada and third in the world for their appeal to mining investment.
Important Resources
When it comes to important minerals, Saskatchewan exceeds its weight. The province has 27 important minerals on the official Canadian list, including Canada, uranium, helium, copper, zinc, rare earth elements (REE), and lithium.
Saskatchewan is the world’s top producer of potash. This mineral is essential to combat global food insecurity and is one of the three key crop nutrients needed by farmers to increase their yields and feed a growing world. Uranium is also a regional cornerstone. Saskatchewan has the world’s largest luxury uranium deposits and is the second largest global producer of this important mineral to generate reliable low-carbon electricity today and in the future.
For oil and gas industry investors, Saskatchewan offers a lot. In the Fraser Institute’s annual survey, Saskatchewan is ranked as one of the most attractive jurisdictions in North America for investing in oil and gas. Saskatchewan is Canada’s second-largest oil producer, producing around 450,000 barrels per day with a target of 600,000 barrels by 2030. Saskatchewan is home to many enhanced oil recovery projects, including one of the world’s largest commercial carbon capture, utilization and storage (CCUS) projects, producing some of the lowest intakes.
The emerging helium sector in Saskatchewan continues to grow year-on-year, not as a by-product of natural gas production, but from dedicated helium wells. Saskatchewan’s helium sector currently accounts for 3% of global supply. This is on track to meet the 10% target set with the state’s helium action plan.
A prosperous research and development environment
In addition to having a wealth of raw resources, Saskatchewan also has a unique R&D environment that continues to innovate in the industrial and resource sectors. The Petroleum Technology Research Centre, the International Institute for Mineral Innovation, the Global Institute for Water Security, Canada Light Source, and the Sylvia Fedoruk Canada Nuclear Innovation Centre are all provincial-based organizations that provide expertise to researchers and investors.
Saskatchewan Research Council (SRC), Canada’s second largest research and technology organization, supports over 1,600 clients in 22 countries around the world. This cluster of experts provides a foundation for generations of investment opportunities.
Recently, Saskatchewan opened the first mineral-to-metal rare earth processing facility in North America operated by SRC. They employ many of the world’s leading experts in rare earth treatments and are working to make Saskatchewan a global REE hub. Saskatchewan is a key link to North American supply chains as the world competes to access and ensure reliable supply of critical minerals.
The Saskatchewan government is a strong supporter of growth in the energy and mining sector. Last year we launched “Growth over the next decade: Saskatchewan Investment Attraction Strategy,” which includes many incentives for investors. These incentives include:
Two new incentive programs focusing on new and important minerals. A new multilateral well program to support innovative and sustainable technologies to increase oil and gas production. Expansions and increased funding of several successful incentives, including the oil and gas processing investment incentives and the Saskatchewan Petroleum Innovation Incentives.
Advanced Manufacturing
Saskatchewan not only has the raw resources needed around the world, but it is also home to the world-class, advanced manufacturing industries that support it.
Saskatchewan’s advanced manufacturing sector leads the world’s first innovation, including remotely controlled equipment for the uranium mining, road scales used in trucking, and environmental monitoring systems. Additionally, manufacturers are pioneering cutting-edge technologies and producing ongoing mining equipment, autonomous farm tools, unmanned aerial vehicles, and even deep-sea antenna systems.
Saskatchewan manufacturers are Canada’s second-most productive and are growing at a record-breaking pace to keep up with its prosperous economy. Approximately 40,000 people make a living in advanced manufacturing, and their workforce produces results. The most recent data shows annual revenue in the sector reached $24.4 billion.
Some of Saskatchewan’s benefits include a robust suite of incentives the state offers to promote a competitive business environment. Much of this is included in Saskatchewan’s investment appeal strategy. These incentives are designed to promote the economic health of businesses operating in the state. They are:
With the state’s joint environment in which industry, academia and government stakeholders all work together to promote ideas-to-market projects, Saskatchewan has helped global industries bridge the gap between creation and commercialization.
While the large resource sector in Saskatchewan offers many new supply chain opportunities, our technology, aerospace and defense clusters offer great growth potential for innovative solutions.
Saskatchewan’s energy, mining and advanced manufacturing products are heading towards customers in every corner of the planet. With nine trade offices all over the world, Saskatchewan is really here and around the world. Any more than this is Saskatchewan’s advantage. To learn more about it and experience it today, visit Investsk.ca.
This article will also be featured in the 22nd edition of Quarterly Publication.
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