NexGen breaks ground on its Rook I uranium mine, Mako Mining posts a record quarter, Ottawa defends its mining permit conditions, and Canadian-listed miners report Q2 results.
By Staff Writer
Mining Front, 14 August 2026
NexGen Breaks Ground on $2.2 Billion Rook I Uranium Mine
The News: NexGen Energy (TSX: NXE) held a groundbreaking ceremony this week to officially start construction on its Rook I uranium mine in northern Saskatchewan’s Athabasca Basin, with benefit agreements signed with four Indigenous communities including Clearwater River Dene Nation and Métis Nation–Saskatchewan.
Why It Matters: The company expects to spend $2.2 billion over a four-year build, and Rook I is designed to become one of the largest single sources of uranium in the world, a scale that matters as nuclear power demand accelerates globally and Canada positions itself as a secure supplier.
Outlook: Watch for quarterly construction updates on schedule and budget adherence over the next four years, along with any uranium offtake or sales agreements the company signs as it works to fund the remaining build.
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