Could uranium fuel Saskatchewan's next boom?
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Could uranium fuel Saskatchewan's next boom?
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The province’s uranium industry is seeing a major upswing. Saskatchewan company Cameco signed a $2.6-billion trade deal with India to provide 22 million pounds of uranium to fuel its nuclear reactors over the next nine years. Meanwhile, Denison Mines Corp. and NexGen Energy Ltd. just received approvals from the Canadian Nuclear Safety Commission to start construction on the province’s first two new uranium mines in a generation. What’s driving this boom and will it benefit the province?
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