Mining and investment companies are jockeying for acquisitions in the nuclear industry and to develop the Athabasca basin, one of the premier uranium zones in North America.

The Roughrider uranium project is located 13 km west of the McClean Lake uranium mill in Saskatchewan.

"The partnership of Brookfield and Cameco will help drive forward the growth of nuclear power the world needs for its clean energy transition,” says Carney.

World’s 50 biggest mining companies have shed $627 billion since hitting highs in March this year even as investors pile into the best performing sectors.

GoviEx will increase the size of its recently announced financing from C$5 million to C$10 million.

These are some of the largest and highest-grade drill intersections of uranium reported globally in 2022, the company said.

Following a decade in the “wilderness,” uranium stocks are now finally on the upswing.

In March, the miner took the governments of Greenland and Denmark to court for the legislation passed last year that banned uranium mining.