Uranium in Canada: A billion dollar industry

In 1988, Canada maintained its position as the world's leading producer of uranium with an output of more than 12,400 MT of uranium in concentrates, worth $1.1 billion Canadian. As domestic requirements represent only 15% of current Canadian production, most of the output was exported. With current implementation of the Canada/US Free Trade Agreement, the US has become Canada's major uranium export customer. With a large share of the world's known uranium resources, Canada remains the focus of international uranium exploration activity. In 1988, the uranium exploration expenditures in Canada exceeded $58 million Canadian. The principal exploration targets were deposits associated with Proterozoic unconformities in Saskatchewan and Northwest Territories, particularly those in the Athabasca and Thelon basin regions of the Canadian Shield. Major attention was also paid to polymetallic deposits in which uranium is associated with precious metals, such as gold and platinum group elements. Conceptual genetic models for these deposit types represent useful tools to guide exploration