Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeEnergyMiningNexGen Energy begins construction on its first uranium mine in SaskatchewanConstruction of the $2.2-billion project will take four years before the mine ramps up to producing 30 million pounds of uranium a yearLast updated 55 minutes ago You can save this article by registering for free here. Or sign-in if you have an account.An overhead shot of NexGen Energy Ltd's Rook I Uranium mine site in northern Sask. Photo by NexGenVancouver-headquartered NexGen Energy Ltd. has broken ground on a $2.2 billion uranium mine project in northern Saskatchewan.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorThe Rook I project has the potential to move the company from uranium exploration and development to an important supplier of the radioactive metal.Construction will take four years before the mine ramps up to producing 30 million pounds of uranium annually from the site that sits on the southern end of the Athabasca Basin.Leigh Curyer, the company's founder and chief executive, says the mine will be key in supplying the world with fuel for its nuclear ambitions.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try again"Artificial intelligence, advanced manufacturing, electrification and energy security are driving unprecedented demand for electricity. Nuclear energy has become key to meeting that demand — and with it, uranium has become one of the world’s most strategic resources," Curyer said in a prepared statement.NexGen Energy said on Thursday that it's completed an initial 3,000-foot airstrip to the site as well as on-site accommodations for the fly-in, fly-out camp.There is work underway to nearly double the size of the airstrip by the end of the year. It also expects to develop the mine shaft in 2027.The Vancouver company received construction approval from the Canadian Nuclear Safety Commission on March 5.The Saskatoon Star Phoenix has created an Afternoon Headlines newsletter that can be delivered daily to your inbox so you are up to date with the most vital news of the day. Click here to subscribe. With some online platforms blocking access to the journalism upon which you depend, our website is your destination for up-to-the-minute news, so make sure to bookmark thestarphoenix.com and sign up for our newsletters so we can keep you informed. Click here to subscribe. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.