With a $1 billion price tag, Rook 1 is the largest development-stage uranium project in Canada.

The offering was led by NexGen Energy, Mega Uranium, and Energy Fuels, all players in the uranium sector.

Alberta, which wants to see oil and gas projects approved at a faster clip, won a legal case in a provincial court in 2022, challenging the constitutionality of the Impact Assessment Act.

Impact Assessment Act enables Ottawa to regulate energy, mining and other project proposals based on effects that fall into federal jurisdiction – such as on Indigenous peoples, birds, fish, and climate change.

Australia has seen a slew of legal challenges against projects over their forecast impact on global warming.

The Institute for Energy Economics and Financial Analysis examined five miners with goals to become carbon neutral by 2050 — and found varying degrees of purpose in meeting that target.