NexGen Energy project near Patterson Lake, Saskatchewan, Canada, on April 16.

NexGen Energy project near Patterson Lake, Saskatchewan, Canada, on April 16.

Photographer: Heywood Yu/Bloomberg
The Big Take

Deadly and Wildly Profitable, Uranium Fever Breaks Out

The radioactive metal’s price is up 233%, revealing the speed at which the world is embracing nuclear power once again.

Along the western edge of Canada’s Saskatchewan province, by a bend in a lake ringed by endless stands of black spruce, a small outpost has been carved out of the forest to mark what just might be the hottest new mining project on Earth today.

It is a desolate, unforgiving spot.