Construction has commenced on a new uranium mine in northern Saskatchewan by NexGen Energy Ltd. The underground mine in the southern Athabasca Basin, situated approximately 130 kilometers north of La Loche, is expected to cost $2.2 billion during its four-year construction phase, making it one of the largest upcoming uranium sources globally.
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. Initial work has begun on the surface infrastructure, with shaft development slated to begin in 2027, while the airstrip’s expansion from 914 meters to 1,780 meters is also underway.
NexGen CEO Leigh Curyer reflected on the company’s journey, mentioning the challenges faced since 2012 when they started from scratch, initially encountering no mineralization. However, in 2014, they discovered mineralization on the eighth drill hole, kickstarting what Curyer described as “the world’s most important energy fuel project.”
Highlighting the significance of the mine, Curyer emphasized the role of nuclear energy in meeting the increasing global demand for electricity. The mine is projected to yield around 30 million pounds of uranium annually, contributing approximately 20% to the current global supply.
Endorsed by nearby Indigenous communities, NexGen has signed benefit agreements with Clearwater River Dene Nation, Birch Narrows Dene Nation, Buffalo River Dene Nation, and Métis Nation—Saskatchewan. These agreements, which include provisions for employment, training, and financial benefits, have been deemed crucial for the project’s success.
Premier Scott Moe expressed optimism regarding the economic opportunities the mine will bring, emphasizing the importance of developing resources ethically and sustainably. Uranium mining in Saskatchewan already employs over 2,300 individuals, with a significant percentage hailing from the northern regions.
Furthermore, NexGen has collaborated with indigenous groups to construct a 59-bed hotel in La Loche, aiming to support local infrastructure development. Meanwhile, another uranium mine by Denison Mines Corp., the Phoenix uranium mine and mill site in the eastern Athabasca Basin, is also in progress, with an estimated production start in 2028 and initial costs of $600 million. Denison plans to utilize an in-situ recovery method, marking a potential innovative approach in uranium mining practices.
