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Two new uranium mines in Saskatchewan are poised to begin construction amid expectations of surging demand for nuclear fuel. Earlier this month, the Canadian Nuclear Safety Commission issued Denison Mines Corp. DML-T a licence to construct a new uranium mine and mill known as the Wheeler River Project, located roughly 600 kilometres north of Saskatoon. The first phase of the project, the Phoenix mine, is expected to begin producing by mid-2028. “We will start construction of Phoenix in March,” said Denison chief executive officer David Cates. “But we’re only in that position because we worked tirelessly over the last seven…
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