Uranium mines in the Athabasca Basin are reserves of high-grade uranium, and mining activity has picked up in recent years with old mines reopening to improve output, the BBC report added.
Hurdles along the way
Once additional mines are operational, Canada’s contribution to global supply could rise from 13 percent to 25 percent, making it the preferred supplier for the US, EU, and many other nations.
But nuclear fission technology has its detractors. Incidents such as one at Fukushima in Japan are still fresh in people’s minds, and the operation of nuclear power plants is not risk-free yet. Last year, Germany shut down its nuclear power plants in a phased manner.