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$2.2 Billion Uranium Project Begins Construction in Northern Saskatchewan
NexGen says the $2.2 billion project could produce 30 million pounds of uranium a year and create 459 full-time jobs.
On Thursday, NexGen Energy Ltd. held a groundbreaking ceremony, marking the official start of construction on the Rook I uranium mine in northern Saskatchewan.
Following federal regulatory approval on March 5, 2026, the Canadian Nuclear Safety Commission granted NexGen a license to construct the mine and mill in the Athabasca Basin.
NexGen estimates the project will generate $32.5 billion in total economic impact while producing up to 30 million pounds of uranium annually once fully operational.
Partnerships with Indigenous communities, including the Clearwater River Dene Nation, secured benefit agreements and will support infrastructure projects like a 59-bed hotel in La Loche.
CEO Leigh Curyer stated the mine will help meet unprecedented global electricity demand, positioning NexGen as a strategic supplier for nuclear energy amid rising uranium needs.