NexGen starts $1.6B uranium build to rival top mines
The Saskatchewan project advances toward becoming a major new source of nuclear fuel as global uranium demand strengthens.
NexGen Energy has initiated construction on its $1.6 billion Rook I uranium project in Saskatchewan, aiming to become a significant player in the global uranium market. The underground mine and mill facility is projected to generate around 30 million pounds of uranium annually, surpassing the output of Canada's top mines. As nuclear power demand grows, NexGen's development of Rook I aligns with Canada's strategy to strengthen its uranium supply chain and expand its role in the global nuclear fuel market.
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