Policy 15
The Nuclear Vertical
Saskatchewan has world-class uranium, and a great deal of it. Under the current model, we ship yellowcake out cheaply for other jurisdictions to refine, then buy finished value back at far higher margins.
The S21P is built to break that pattern through the Value-Add Levy, the SNRC, SaskPower’s nuclear expansion, and the manufacturing buildout under Policy 19.
The point is not to pretend Saskatchewan becomes a nuclear superpower overnight. The point, over time, is to move the province up the value chain: more processing, more fuel fabrication, more public revenue, more skilled jobs, more leverage over pricing and procurement, and less raw export dependence.
If uranium prices rise, if verticalization succeeds, and if power exports scale, the upside is enormous. To be clear, that upside is not in the hard base case of the financial models.
When Saskatchewan builds out its own large fleet of CANDU reactors, we will secure a long-run domestic power base with far less exposure to global energy volatility. And as that fleet grows, Saskatchewan can become a major low-cost medical isotope producer, expand global supply, and improve access to critical diagnostics and treatment.
Saskatchewan moves from shipping raw value out to building lasting power at home.