The Canadian Nuclear Safety Commission recently approved projects by Denison Mines Corp. and NexGen Energy. The approvals mark the first new uranium mines in Canada to receive construction approval since 2004.  Both projects are located in the Athabasca Basin, home to the world’s largest high-grade uranium reserves.

The two combined projects are expected to create more than 1,600 jobs during construction and employ more than 700 people once operational. The total estimated investment is $2.8 billion.

“The Government of Saskatchewan is pleased to see Denison and NexGen reach this significant stage with their projects,” Energy and Resources Minister Chris Beaudry said. “At each step of the approval process, these companies have advanced their projects responsibly by building relationships with local communities and through their commitment to environmental stewardship. Wheeler River and Rook I will provide generational economic opportunities for Saskatchewan people, particularly the Indigenous and Métis communities in the north, and strengthen our position in becoming the world leader in uranium production.”