The Globe and Mail reports in its Monday, July 13, edition that following about a decade of stagnation, the nuclear industry is now seeing what some are calling a renaissance.
A Canadian Press dispatch to The Globe reports that countries worldwide, including China, India and the United States, are building or planning more nuclear power plants.
In Canada, Ottawa has proposed 10 new reactors by 2040. It also wants to sell Canadian-made reactors to more countries and double uranium exports.
Ontario is constructing a small modular reactor at the Darlington station in Bowmanville, while Saskatchewan plans to build one in the 2030s.
Cameco is one of the world's largest uranium producers.
Better market conditions have allowed Cameco to restart operations.
In 2022, McArthur River and Key Lake resumed production. Cigar Lake is also planning to start extracting uranium from a newer section of the mine in 2030.
At Rabbit Lake, however, production remains suspended.
There are two companies building new mines in Saskatchewan. Denison Mines is working on the Wheeler River project, while NexGen Energy is constructing its Rook I site. Canadian Nuclear Labs' Peter Elder says there is more than enough uranium to go around.
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