Northern Saskatchewan is about to undergo an economic boost because it has an abundance of natural resources, especially uranium, which is quickly becoming a hot commodity as much of the world looks to nuclear power to reduce carbon emissions.
The area is currently home to multiple uranium mines including Cameco Corp.‘s McArthur River/Key Lake and Cigar Lake. There are also mines currently in development, including NexGen Energy Ltd.’s Rook I Project.
The potential growth in the mining sector means an increase in demand for a range of services such as aviation and drilling.
Saskatoon-based Athabasca Basin Development Ltd. Partnership is one company expected to play a crucial role in providing many services to the mines when they become operational, along with helping with development work.
The company, which is owned by Black Lake Denesuline First Nation, Fond-du-Lac Denesuline First Nation, Hatchet Lake Denesuline First Nation and the northern communities of Stony Rapids, Wollaston Lake, Uranium City and Camsell Portage, has a stake in several companies, including an airline, a drilling company and some construction firms.
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