Construction has commenced on a new uranium mine in northern Saskatchewan as NexGen Energy Ltd. initiates the development of an underground uranium mine in the southern Athabasca Basin, located approximately 130 kilometers north of La Loche. With an estimated expenditure of $2.2 billion over a four-year construction period, the project is set to become one of the world’s major uranium sources.
During a groundbreaking ceremony at the mine site, key figures such as Premier Scott Moe, former Prime Minister Stephen Harper, and local leaders from Metis Nation-Saskatchewan participated in the event. The construction activities are underway for the surface infrastructure, and shaft development is scheduled to commence in 2027, while the current 914-meter airstrip is being extended to 1,780 meters.
NexGen CEO Leigh Curyer reflected on the journey that led to this milestone, recounting the challenges faced since their arrival in 2012. Initial setbacks were overcome when mineralization was discovered on the eighth drilling hole in January 2014, marking the inception of what Curyer described as the world’s most crucial energy fuel project.
The uranium mine is anticipated to address the escalating global demand for electricity, as Curyer emphasized the strategic importance of uranium in meeting the energy needs driven by advancements in technology and energy security. The projected annual production capacity of the mine is estimated at up to 30 million pounds (over 13,000 tonnes) of uranium, accounting for approximately 20% of the current global supply.
With regulatory approvals in place, NexGen aims to create 459 full-time jobs once the mine reaches full operation, offering long-term career opportunities in the region. The company has also engaged closely with Indigenous communities, securing benefit agreements with Clearwater River Dene Nation, Birch Narrows Dene Nation, Buffalo River Dene Nation, and Métis Nation—Saskatchewan, ensuring mutual benefits and support for the project.
Premier Scott Moe highlighted the significance of responsible resource development in Saskatchewan, emphasizing the economic and environmental benefits while supporting the growth of local communities. The ongoing exploration in the region indicates potential for additional uranium deposits, promising further developments in the future.
In parallel, Denison Mines Corp. is progressing with the construction of the Phoenix uranium mine and mill site in the eastern Athabasca Basin, representing another significant uranium project in northern Saskatchewan. Utilizing innovative in-situ recovery methods, Denison Mines anticipates commencing production by 2028, contributing to the province’s uranium mining industry.