Saskatchewan's lithium bonanza: $1.231M boosts revenue
The most recent subsurface mineral public offering, held on Monday, raised $1.231 million in revenue for the Saskatchewan government. Lithium was the key driver of the bids that were received, with all ten of the blocks up for bidding prospective for the mineral. The top bid was $894,684 for a 1,192-hectare block five kilometres southwest of Stoughton. The amount was paid for by Hub City Lithium, a joint venture of ROK Resources and EMP Metals Corporation. Hub City was the big bidder of the day Monday, as they also purchased eight other permits in the Stoughton area, totalling 2,292 hectares. In all, the company spent an additional #323,361 on the permits. The lone other offering that was bid on was a 1,037-hectare block near Kerrobert. Prairie Land & Investment Services were the successful bidders. The third of the three scheduled subsurface mineral public offerings for the current fiscal year will be held on February 12th.