https://newsletter.en.creamermedia.com
PROJECT|Solutions|Operations
PROJECT|Solutions|Operations
project|solutions|operations

$21m investment incentive for Arizona’s Prairie project

18th July 2024

By: Creamer Media Reporter

     

Font size: - +

Lithium project developer Arizona Lithium has been approved for up to $21.6-million in investment incentives from Saskatchewan, Canada.

The province has approved transferable royalty credits under its OGPII programme. These credits are earned on eligible expenditures and can be claimed once the project becomes commercially operational.

The credits are applied against crown royalties payable on production of lithium at a rate of 20% in the first calendar year of operations, 30% in the second calendar year, and 50% in the third calendar year, effectively reducing the company’s liability for crown royalties.

“This conditional approval under the OGPII programme is a testament to how the province works with industry to find solutions to economic growth, and we are grateful to work with the governing bodies and operate our project there. This is one of the many development funding tools we have access to, which is a non-dilutive benefit to shareholders,” comments Arizona MD Paul Lloyd.

Located in the Williston basin, the Prairie project holds a resource of 6.3-million tonnes of lithium carbonate equivalent.

Edited by Creamer Media Reporter

Comments

Research Reports

Latest Multimedia

Photo of Martin Creamer
On-The-Air (06/09/2024)
6th September 2024 By: Martin Creamer

Showroom

Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 
Hanna Instruments (Pty) Ltd
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Unisa, Inqaba Biotec launch next-generation DNA
Unisa, Inqaba Biotec launch next-generation DNA
4th September 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.406 0.493s - 194pq - 2rq
Subscribe Now