Lithium led the way in the province’s latest subsurface mineral public offering. This was the second public offering of its kind for the fiscal year and raised $$2,270,322.67 in revenue.

Millennium Land Ltd. made the highest bid, $909,356.61 for a 3,914.410 hectare permit block located north of Stoughton. The company also had the winning bid, $550,018.00, for a second permit block totalling 2,369.031 hectares north of Kisbey. Both permit blocks are prospective for lithium in brine.

Of the 13 subsurface permits posted for this offering, 12 received bids for a total area covering 22,922.229 hectares. Ten of the permits are prospective for lithium in brine while two are prospective for potash.

The February 10, 2025, offering received no posting requests so it has been cancelled. The next offering is scheduled for the 2025-26 fiscal year on July 7, 2025.

Through two such offerings this fiscal year, the Ministry of Energy and Resources has raised $8,2 million, up from the almost $1,5 million through the one public offering held last fiscal year.