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Uranium

Reserves

Uranium Reserves

(as of December 31, 2014)

DEPOSITMINING METHODMILLIONS OF POUNDS
U3O8
AVERAGE GRADE
(% U3O8)
Cigar Lake
underground 234.9 17.84
Key Lake
open pit
0.7 0.5
McArthur River
underground 345.2 14.87
McClean Lake
 open pit, underground
15.3 2.2
Midwest
open pit nil**nil**
Millennium Project*
underground
              nil*          nil*
Rabbit Lake
 underground             15.2         0.61
Cluff Lake
decommissioned nil nil
Total Uranium Reserves
611.3 


Numbers may not reflect total due to rounding.

* The Millennium Project contains only resources (see definition below) of 75.9 million pounds of U308 with an average grade of 2.39%. 

**The Midwest Project mineral resources are 5.8 million pounds of U308 with an average grade of 1.7%.

Reserves: the economically mineable part of a measured resource for which a preliminary feasibility study demonstrates that economic extraction is justified.

Resources: do not have demonstrated economically viability but have reasonable prospects for economic extraction.

  • Clean electricity generated worldwide from uranium avoids 2.5 billion tonnes of CO2 emissions annually. (source: Canadian Nuclear Association)
  • Currently 12% of the world's electricity mix is obtained from nuclear power. (source: Canadian Nuclear Association)
  • Saskatchewan supplies about one third of all uranium used worldwide. (source: Canadian Nuclear Association)
  • It is estimated that if coal and natural gas power plants were replaced with nuclear power plants global C02 emissions woiuld drop 22.2% from 2014 levels. (source: Canadian Nuclear Association)

© 2017, Saskatchewan Mining Association