Up until 2009, Canada was the world’s largest producer of uranium, according to the World Nuclear Association, having accounted for roughly 22 per cent of global production.
Although Kazakhstan has overtaken the role as the world’s top producer of the fuel used in nuclear power, Canada still ranks second and produces an estimated 13 per cent of uranium.
In tandem with this, the nation also has the world’s largest deposits of high-grade uranium, which grades up to 20 per cent uranium, making it 100 times greater than the global average, as per the Government of Canada.
All of this is to say that Canada is rich in uranium and, in conjunction, the companies producing it.
Case in point, Cameco (TSX:CCO) is Canada’s largest producer of uranium as well as the global top producer. The company has its operations set up in Northern Saskatchewan, which is where all…
