There are some big forces coming together here. And Saskatchewan is at the heart of it.
Earlier this week Nex-Gen Energy announced it had cleared a major hurdle in securing federal approval for its proposed Rook uranium mine in northern Saskatchewan.
This is the second-to-last stop on the journey to final approval. Now they await a federally-sponsored hearing on the project valued in the billions.
This comes as the world increasingly leans towards nuclear power as a replacement for baseload electricity traditionally supplied by coal-fired plants.
Last year’s COPS conference was the turning point that embraced nuclear in a big way. But industry was well ahead of that development, having poured significant investment into identifying new uranium reserves in the Athabasca Basin.
Taking uranium from discovery to production is measured in decades, something that will likely have to change to meet growing global electrical demand, and we have a couple new proposed mines moving through the final stages of the approval process which will elevate Saskatchewan’s global position as a Food, Fuel and Fertilizer giant even more.
