06:55 AM EDT, 09/11/2025 (MT Newswires) -- Foran Mining ( FMCXF ) Thursday said it has been approved to earn up to $70 million in transferrable royalty tax credits through the government of Saskatchewan's Critical Minerals Processing Investment Incentive.

CMPII was launched as part of Saskatchewan's critical minerals strategy and is administered by the Ministry of Energy and Resources. It is one of two new programs aimed at increasing provincial production supporting 11 designated critical minerals, including copper and zinc.

CMPII provides potentially transferrable Crown royalty and freehold production tax credits that can be used to offset the company's obligations under Saskatchewan's Mineral Crown Royalty.