“Energy demand from reliable sources is increasing by the week, driven by the need to expand existing nuclear energy infrastructure and the construction of power-consuming data centers, at a time when the security of uranium supply is under significant technical and sovereign risk,” NexGen CEO Leigh Curyer said in a news release.
The US Energy Information Administration (EIA) forecasts record-high power consumption in 2024 and 2025, fueled by growing demand from AI usage, data-center expansion, and residential and commercial consumers.
NexGen’s Rook I project in Saskatchewan is considered one of the largest development-stage uranium deposits in Canada. It contains 3.7 million tonnes in measured and indicated resources, grading at 3.1% U3O8.
A 2021 feasibility study for Rook I outlined an initial 11-year mine capable of producing 21.7 million lb. of U3O8 annually during the first five years. Production is…
