The Financial Post reports in its Saturday, Sept. 6, edition that Canadian exports of nuclear fuel surged in July, driven by a global increase in uranium demand and heightened mining activity in Northern Saskatchewan. A Postmedia dispatch to the Post reports that while nuclear exports remain a small portion of Canada's energy exports, they are the fastest-growing segment, rising nearly 50 per cent to about $420-million. In contrast, oil exports exceeded $9-billion with a 2.3-per-cent increase. The uptick in uranium prices has boosted production and exploration in Canada, especially as nuclear energy gains traction worldwide. Approximately 20 per cent of the world's nuclear fuel comes from Saskatchewan, where mining companies like Cameco and Orano Canada operate multiple active mines, drawing thousands of workers to the region. "A big reason for this activity is the commodity price," said Arthur Situm, a Canada Research Chair in nuclear energy at the University of Regina. Unlike oil or gold, uranium lacks a formal exchange, with private organizations monitoring market activities. In August, uranium was trading at about $75 (U.S.) per pound, a significant rise from the lows of $30 (U.S.) in early 2021.