We are one of the world’s largest uranium producers, with uranium assets on three continents. Nuclear energy plants around the world use our uranium products to generate one of the cleanest sources of electricity available today. Our operations and investments span the nuclear fuel cycle, from exploration to fuel manufacturing.
Our head office is in Saskatoon, Saskatchewan.
We are a pure-play nuclear fuel investment with a proven track record and the strengths to take advantage of the world’s rising demand for safe, clean and reliable energy.
With our extraordinary assets, contract portfolio, employee expertise, comprehensive industry knowledge and financial strength, we are confident in our ability to continue to grow and increase shareholder value.
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We are one of the world’s largest uranium producers, and in 2015 accounted for about 18% of the world’s production. We have controlling ownership of the world’s largest high-grade reserves.
Uranium Projects Under Evaluation
We continue to advance our projects under evaluation toward development decisions at a pace aligned with market opportunities in order to respond when the market signals a need for more uranium.
Our exploration program is directed at replacing mineral reserves as they are depleted by our production and ensuring our future growth. Our active programs are focused on three continents, where our land holdings total about 1.6 million hectares (areas where we hold land are highlighted).
We are an integrated uranium fuel supplier, offering refining, conversion and fuel manufacturing services. We control 20% of world conversion capacity.
We sell uranium and fuel services to nuclear utilities in 12 countries, with sales commitments to supply about 190 million pounds of U3O8 and about 65 million kilograms of UF6 conversion services.
NUKEM deals in the physical trading of uranium concentrates, conversion and enrichment services. Its trading strategy is nonspeculative and seeks to match quantities and pricing structures of long-term supply and delivery contracts, minimizing exposure to commodity price fluctuations and locking in profit margins.
Other fuel cycle investments
We have a 24% interest in GE-Hitachi Global Laser Enrichment (GLE) in North Carolina, with General Electric (51%) and Hitachi Ltd. (25%). GLE is testing a third-generation technology that, if successful, will use lasers to commercially enrich uranium. Having operational control of both uranium production and enrichment facilities would offer operational synergies that could significantly enhance future profit margins.