NexGen Energy Ltd. received final federal approval from the Canadian Nuclear Safety Commission for its Rook I Uranium Project, including Environmental Assessment approval and a Licence to Prepare Site and Construct, marking the last regulatory approval needed for full construction. Official construction will commence in summer 2026 with a 4-year timeline.
Key takeaways
CNSC approved EA and issued Licence to Prepare Site and Construct on 2026-03-05
Approval 14 business days after Commission Hearing concluded 2026-02-12
All provincial authorizations received, including Saskatchewan EA in November 2023
Rook I Project 100%-owned, located in Athabasca Basin, Saskatchewan
Capable of producing up to 30 million pounds uranium annually when operational
Final Investment Decision made; construction starts summer 2026, lasts 4 years