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Global uranium tightness is squeezing Canada. Can it deliver fast enough?
A global rush to lock in nuclear fuel is putting fresh pressure on Canada, the world’s second largest producer of uranium. Prices for the critical mineral are surging as utilities in the U.S., Europe, and Asia rush to secure long-term supply to fuel power plants, which is increasingly seen as a solution to climate change and power for data centres. With sanctions on Russian uranium and the world’s top producer Kazakhstan facing its own mining challenges, Canada sits at the centre of the uranium squeeze with high grade deposits in Saskatchewan. But can it meet the world’s demand? Actually, it’s in “great ... (full story)