Construction has commenced on a new uranium mine in northern Saskatchewan. NexGen Energy Ltd. is constructing an underground uranium mine in the southern Athabasca Basin, approximately 130 kilometers north of La Loche. The company plans to invest $2.2 billion over a four-year construction phase to develop one of the world’s largest new uranium sources.
A groundbreaking ceremony was held at the mine site, attended by Premier Scott Moe, former Prime Minister Stephen Harper, and local leaders from Metis Nation-Saskatchewan and Desnethé-Missinippi-Churchill River MP Buckley Belanger. The initial construction work is focused on surface infrastructure, with shaft development expected to commence in 2027. Additionally, the current 914-meter airstrip is being expanded to 1,780 meters.
NexGen CEO Leigh Curyer reflected on the journey leading to this milestone. He mentioned the challenges faced since their arrival in 2012, where initial drilling did not yield results until the eighth hole in 2014, revealing significant mineralization. Curyer emphasized the strategic importance of uranium in meeting the rising global demand for electricity.
The company projects an annual production capacity of up to 30 million pounds (over 13,000 tonnes) of uranium, which could account for around 20% of the current global supply. Upon receiving a construction and mill license from the Canadian Nuclear Safety Commission in March, NexGen is now preparing to apply for an operational license.
Once operational, the mine is expected to create 459 full-time jobs and operate for 24 years. NexGen has secured support from Indigenous communities affected by the project, signing benefit agreements with Clearwater River Dene Nation, Birch Narrows Dene Nation, Buffalo River Dene Nation, and Métis Nation—Saskatchewan. These agreements typically include provisions for employment opportunities, training, local business contracts, and financial benefits.
Premier Scott Moe highlighted the economic opportunities the mine brings to the region, emphasizing the importance of responsible resource development that benefits local communities and contributes to clean energy production. Uranium mining already employs over 2,300 individuals in the province, with almost half of the workforce residing in northern Saskatchewan.
In parallel, Denison Mines Corp. is progressing with the construction of the Phoenix uranium mine and mill site in the eastern Athabasca Basin. The project’s initial capital costs are estimated at $600 million, with production slated to commence in 2028. Denison’s mine could pioneer the use of an in-situ recovery method, aiming to operate for ten years with significant proven and probable uranium reserves.
The developments in uranium mining underscore Saskatchewan’s commitment to sustainable resource utilization and economic growth, aligning with the province’s participation in the global nuclear energy sector. The expanding uranium industry is poised to create lasting benefits for local communities and contribute to the growing demand for clean energy solutions.