12 Largest Uranium Producing Countries in the World

2. Canada

Production from mines in 2022: 7,351 metric tons

Canada’s uranium production saw a sharp decline after peaking at 14,039 metric tons in 2016. Following the production of 6,938 metric tons of yellowcake in 2019, Canadian output fell to 3,885 metric tons in 2020 due to operational shutdowns caused by the COVID-19 pandemic. However, uranium production in the country began to recover in 2022. As stated by Investment News Network, Saskatchewan’s Cigar Lake and McArthur River are renowned as the world’s top two uranium mines, both operated by major player Cameco. In 2023, Cameco produced 17.6 million pounds of uranium, falling short of its initial target of 20.3 million pounds for the year. The company has set a production guidance of 22.4 million pounds for 2024.