Saskatchewan becomes world’s second-largest uranium producer
Saskatchewan’s uranium industry, generates nearly $1 billion in annual revenue and accounts for 15% of global supply.

TCS Wire

June 15, 2023

Saskatchewan is now the world’s second-highest producer of uranium, surpassing Namibia and Australia, according to the latest data from the World Nuclear Association. Kazakhstan maintains the number one spot.

Saskatchewan becomes world’s second-largest uranium producer

All of Canada’s uranium production takes place in the one prairie province, employing over 1,800 people.

Saskatchewan’s uranium industry generates nearly $1 billion in revenue

Saskatchewan’s uranium industry, which generates nearly $1 billion in annual revenue and accounts for 15% of global supply, has overcome the challenges posed by COVID-19 lockdowns and increased production significantly in 2022, a government press release states. 

The Cigar Lake Mine and McClean Lake Mill ran continuously throughout the year. The Cigar Lake Mine was the world’s top-producing mine in 2022.

Meanwhile, the McArthur River Mine and Key Lake Mill resumed operations in February 2022 after being shut down since 2018 because of low uranium demand.

As a result, Saskatchewan produced about 13 million kilograms of uranium concentrate (also known as yellowcake) in 2022, up from 7.8 million kilograms in 2021. 

In 2023, the province expects to produce 15 million kilograms of yellowcake, almost doubling its output from last year.

Saskatchewan’s Energy and Resources Minister Jim Reiter sang the praises of the industry. 

“Saskatchewan’s uranium is key as the world looks to transition to sustainable power generation and source minerals from secure, democratic regions,” he said.

Saskatchewan’s premier remains defiant against Trudeau’s anti-energy agenda

Saskatchewan Premier Scott Moe has been wrestling with the anti-energy Trudeau Liberals over the future of resource development in the province.

When environment minister Steven Guilbeault suggested that failing to shut down coal-fired power plants by 2030 will be a Criminal Code offense, Moe replied, “come get me.” 

Moe has argued that Guilbeault’s plan to demand net-zero electrical grids by 2035 would lead to absurdly high bills for Saskatchewanians, saying the cost could be four times as high.

“I want to be very clear about this in Saskatchewan, we will not attempt the impossible when it comes to power production,” Moe has stated previously

“We’re not going to risk plunging our homes, our schools, our hospitals, our businesses, that are operating and creating wealth in our communities into a cold and dark evening because of the ideological winds up of another level of government.”

Share this story

Help Keep your News Free

Share this story

It's crucial we stay in touch

Big Tech wants to censor us, that’s why you need to stay in touch.


Trending News

Earlier today, NL Finance Minister Siobhan Coady and Justice Minister John Hogan announced the provincial government was heading to court to fight the Liberals on the current equalization formula, arguing NL is unfairly missing out on billions.

TCS Wire

May 30, 2024

Trending News

Trudeau says he cant step down because he needs to save the world from climate change.

TCS Wire

May 14, 2024

Trending News

Germany has just introduced a new tax on flying with the hopes of pricing poor people out of travelling to reduce their carbon footprint.

Keean Bexte

May 6, 2024

Trending News

Premier Scott Moe seems undeterred by the CRA, or the federal Liberals.

Mike Campbell

April 29, 2024

Trending News

Trudeau backtracks on carbon tax rebate, then falsely states he didn’t change his position.

Mike Campbell

April 24, 2024

Trending News

Did the Liberals intervene to stop a foreign-funded climate extremist from getting deported?

Alexa Posa

April 23, 2024

We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you’ve provided to them or that they’ve collected from your use of their services. You consent to our cookies if you continue to use our website.