The funding will help the company add a second manufacturing facility dedicated to producing specialised sulfur fertilizers.
The investment was announced as part of a PrairiesCan funding package supporting four repayable projects through the Business Scale-Up and Productivity programme.
The BSP programme supports high-growth businesses that are seeking to improve productivity, scale up operations and commercialise technology. The programme offers interest-free, repayable funding to incorporated businesses that have been operating for at least two years.
Northern Nutrients received CAN$3.1 million through the programme to support the expansion of its specialised sulfur fertilizer production capacity in Saskatoon.
Northern Nutrients CEO Ross Guenther stated the expansion was driven by strong market demand following the launch of the company's first sulfur-nitrogen production facility in 2022.
Guenther stated that: "We've sold out the capacity of that facility and now we're doing an expansion to basically triple our capacity from 50 000 - 150 000 t."
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