A few years ago I realized that there was serious potential for a big conflict between various rights holders of oil, gas, helium, lithium and geothermal. So I started asking hard questions about it. Last year, the Ministry of Energy and Resources got many of the players in a big room with a pile of staff from various ministries to try to sort it all out. This story is a follow up to that process. Note there seems to have been some movement on the helium front last fall which I was not aware of. It will likely end up as a separate story soon.
Also, apparently the royalty for lithium is pegged at 3 per cent.
Lithium in SK Part 25: Primacy of rights, revisited
A lot more news to come on the lithium front. Keep your eyes peeled.
salt water wells? seems to me there are thousands of skimmers out there already all over saskachewan .
Does the lithium belong to the land owner or the government? If the latter then the land owner will be getting something as well.
It wouldn’t be the land owner, it would be the mineral rights holder, and that’s if it’s on freehold land, and not crown.
Wait! Lithium … Lithium … Lithium?? Isn’t that a FOREVER chemical that’s gonna kill us all?
Asking for a hysterical friend
I’ll go out on a limb and predict that the Libranos are toying with nationalizing the lithium industry. Their hamstringing of the oil and gas industry and disproportionate division of transfer payment is in effect a convoluted form of a nationalized energy sector. How dare those prairie rubes acquire wealth.
If lithium production ends up being profitable, expect the NDP or fake-conservatives to implement a “fairer” royalty regime in the near future.