The framework within the MOU includes evaluation of a Saskatchewan-based nuclear supply chain to support nuclear energy projects, including fuel. It also identifies opportunities to collaborate on nuclear research, development and workforce training in partnership with Saskatchewan’s post-secondary institutions.
SaskPower is expected to make a final investment decision in 2029 whether to proceed with constructing the first SMR facility in Saskatchewan. As the principal utility company, it intends to use Saskatchewan-produced uranium in any reactors constructed in the province.
Saskatoon-based Cameco is currently one of the world’s largest publicly traded uranium companies. It has a licensed capacity to produce more than 30 million lb. of uranium concentrates annually from its sites across Canada (Saskatchewan), US and Kazakhstan.
Westinghouse — owned 49% by Cameco and 51% by Brookfield Asset Management — is the world’s…
