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Canada approves Denison Mines' Wheeler River uranium project, the first large-scale uranium mine in 20 years, with construction set to begin.
Denison Mines has received final regulatory approval from Canada’s Nuclear Safety Commission to begin construction of the Wheeler River uranium project in northern Saskatchewan, the first large-scale uranium mine approved in Canada in over 20 years.
The project, located in the Athabasca Basin, includes the first in-situ recovery (ISR) uranium mine approved in Canada, with construction set to start following a year-long review and public hearings.
The licence allows site preparation and construction, with a $42.7 million financial guarantee required to ensure accountability.
The project, jointly owned by Denison and JCU, targets first production by mid-2028 and is expected to support growing global demand for uranium driven by nuclear energy and data center expansion.
Canadá aprueba el proyecto de uranio de Wheeler River de Denison Mines, la primera mina de uranio a gran escala en 20 años, con la construcción programada para comenzar.