Saskatchewan’s economy is growing fast, creating a myriad of opportunities for the smart investor. As such we’re keeping you in the loop on the province’s fastest growing industries you need to know.
In our previous article, we looked at how Geothermal is opening the door for massive economic growth in Saskatchewan’s south. In this article, we’re heading north to explore another rapidly expanding industry — a sector ranked #1 by the Fraser Institute for investment attractiveness.
We’re looking at Saskatchewan’s mining sector.
As we’ve covered many times before, Saskatchewan is truly a hidden gem — and that’s especially true when it comes to literally uncovering hidden gems.
The massive Canadian province is already a world leading exporter in Uranium and Potash, but has the potential to also lead the world in several other base and precious metals ...even diamonds!
That coupled with it’s resilient supply chain, and financial incentives makes it a wise choice for companies looking to invest their capital in mining.
So let’s get into it!
Potash
Potash is a key ingredient in fertilizers used by farmers all across the world, and Saskatchewan has been the world’s top exporter of it for the last 50 years. In 2017, the province produced about 30% of the world’s supply, valued at over $5 billion.
With the world’s population set to continue growing until at least 2050, Saskatchewan’s role in the global food supply is set to grow alongside it.
Since people always need to eat, regardless of what the economy is like, an investment in Potash is sure to see stable long-lasting growth for decades to come.
Uranium
Contributing to 13% of the global supply in 2019, Saskatchewan is home to the world’s largest deposits of high-grade uranium.
As the world shifts away from fossil fuels, the need for Uranium is likely to escalate significantly. Modern nuclear energy is one of the safest ways to create a substantial baseload power supply.
Additionally, despite producing nuclear waste, advancements in nuclear technology coupled with the fact it doesn’t emit greenhouse gases, make it one of the cleanest ways to produce electricity.
Countries all around the world are eager to fuel their future economies with the power of nuclear fission, and Saskatchewan has the power to make that happen.
Base & Precious Metals
The ground beneath Saskatchewan is both some of the oldest on the planet and some of the least explored. As such, the ground is loaded with copper, nickel, cobalt, zinc, platinum and rare earth elements.
But for a truly shining example of Saskatchewan’s mineral potential we have to talk about gold.
Year after year, Saskatchewan gold mines are breaking records. The Seabee gold mine in the province’s north has produced well over 1.5 million ounces of gold — seeing it’s sixth record-breaking year in a row in 2019.
And yet, there’s still so much to unearth.
Diamonds
Some industry insiders believe Saskatchewan has more diamonds than anywhere else on the planet. More and more deposits are discovered all across the province. The best part: they’re all still underground for the taking.
200 hectares of kimberlite, believed to contain more than 66 million carats, is currently being evaluated North of Saskatoon in the Fort à la Corne Provincial Forest.
But one of the best things about Saskatchewan diamonds is how safe the province’s mining is compared to those around the world.
People want diamonds, but worry about the wellbeing of those mining them. Saskatchewan has a strong culture of workplace safety, a record to match, and free healthcare should the worse happen.
Together this means there’s both a substantial supply ripe for the taking, and a positive reputation to incite massive demand compared to elsewhere.
Incentives & Benefits
But most attractive across all minerals available to uncover are the province’s many incentive programs for investors to take advantage of.
From the Targeted Mineral Exploration Incentive, which provides a 25% rebate on eligible drilling costs for base metals, precious metals, and diamonds, to a 10 year royalty holiday for new gold and base metal mining operations, the province makes it easy to grow your investment.
But you also can’t ignore Saskatchewan’s diverse and highly-skilled workforce, its dedication to continually innovate technology as well as its reliable supply chain.
Conclusion
There’s plenty of gold waiting for you in Saskatchewan, be that through your return on investment or the literal gold ready for mining.
If you want to invest in the province, now is the time to see it for yourself. By booking an executive suite with OBASA / Six Three, you can stay in a fully furnished short term rental suite with all the comforts of home, with all the amenities of a hotel.
From a fully equipped kitchen, in suite washer and dryer, modern entertainment space, high-speed wifi and our signature bedding, your business trip to Saskatoon or Regina will feel like a vacation.
Book the spacious and comfortable short term rental in the Heart of Regina and Saskatchewan and get the R&R you deserve. ...Your pets can come too!
Book your next trip with OBASA / Six Three Suites.
