Our Business

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.

Advantages

We are a pure-play nuclear 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.

Click to show or hide locations:

    Uranium

    Operations

    We are one of the world’s largest uranium producers, and in 2014 accounted for about 16% 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 should the market signal a need for more uranium.

    Uranium Exploration

    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 1.7 million hectares (areas where we hold land are highlighted).

    Fuel Services

    We are an integrated uranium fuel supplier, offering refining, conversion and fuel manufacturing services. We control 20% of world conversion capacity.

    Marketing

    We sell uranium and fuel services to nuclear utilities in 11 countries, with sales commitments to supply about 200 million pounds of U3O8 and about 70 million kilograms of UF6 conversion services.

    NUKEM

    NUKEM deals in the physical trading of uranium concentrates, conversion and enrichment services through back-to-back purchase and sales transactions, as well as the recovery of non-standard uranium from western facilities and other sources.

    Other fuel cycle investments

    Enrichment

    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.