REGINA — Saskatchewan's uranium industry is responding to growing global demand by setting new records for annual sales and production in 2024, according to Saskatchewan Energy and Resources.
Last year, uranium sales reached a new high of $2.6 billion. Uranium production also reached a new record high of 16.7 thousand tonnes in 2024, up 28 per cent from 2023.
In 2024, uranium exploration spending is estimated to have reached $200 million and is expected to remain strong in 2025. With this increased exploration investment targeting uranium, Saskatchewan is projected to reach its Critical Minerals Strategy goal of securing 15 per cent of Canadian mineral exploration spending this year.
Saskatchewan potash production also reached record highs in 2024. Last year, 15.1 million metric tonnes potassium oxide (K2O) of potash was produced in Saskatchewan, an eight per cent increase from 2023.
