According to the Saskatchewan Ministry of Energy and Resources, total 2009 uranium exploration expenditures in the Athabasca Basin are estimated to have reached $124 million, a decrease from 2008 expenditures which were recorded at almost $204 million.

The spot market price of uranium fluctuated between January 2009 and December 2009 ($42 per pound and $52 per pound). The 2009 average spot price ($46 per pound) declined from 2008 ($62 per pound). The declining spot price may cause a reduction in exploration expenditures in the near future.

At present, more than 25 companies are exploring for uranium in the Basin. The majority of these companies are publicly traded and are operating in joint ventures with one or more other companies. Most of the activity is in the eastern part of the Basin where the major deposits are located. However, following new exploration successes, activity is increasing in the western portion of the Basin.