Nuclear regulator grants licence for Nexgen to build uranium mine in northern Sask.

The Canadian Nuclear Safety Commission has approved a licence for NexGen Energy Ltd. to build a uranium mine in the Athabasca Basin, making it the second major uranium project the national regulator has licensed in Saskatchewan this year.

NexGen's Rook 1 project is an underground mine the Vancouver-based company plans to build in the southern Athabasca Basin about 150 kilometres north of La Loche, in Treaty 10 territory.

On Thursday, the commission announced it granted NexGen a licence to construct a mine and mill at the project site. The company will have to apply to the commission for a licence to operate the mine.

Construction is scheduled to start this summer and is expected to finish in four years. The company estimated the mine could produce up to 30 million pounds (over 13,000 tonnes) of uranium annually, or around 20 per cent of the current global fuel supply.

https://www.cbc.ca/news/canada/saskatchewan/nuclear-regulator-licence-nexgen-uranium-mine-9.7116332

70 reactors are currently under construction around the world and a further 115 are in the planning stages. Seems this mine will come online just in time to feed the demand.