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ARTICLE · 19 NOVEMBER 2023

Investing In Canada's Uranium Mining Industry

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Canada is the world's second largest producer of uranium and has one of the largest uranium reserves in the world. Most Canadian uranium is mined in the Athabasca Basin in northern Saskatchewan.

CanadaEnergy and Natural Resources
Michael Amm
Michael Amm
Carly Klinkhoff
Carly Klinkhoff
Omar Wakil
Omar Wakil
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Canada is the world's second largest producer of uranium and has one of the largest uranium reserves in the world. Most Canadian uranium is mined in the Athabasca Basin in northern Saskatchewan. There are also exploration uranium projects in Labrador, Nova Scotia, Nunavut, Ontario and Québec.

Set out below are the primary regulatory approval requirements (and applicable foreign ownership policies) relating to non-Canadian investments in Canada's uranium mining industry.

Investment Canada Act (re: foreign direct investment)

Investments in Canadian uranium businesses by non-Canadians are primarily governed by the Investment Canada Act (ICA), which regulates all foreign investment in Canada. Under the ICA, two types of review are possible:

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