What Orano Canada does

Orano Canada Inc. is a Saskatoon-headquartered uranium mining, milling, and exploration company and a wholly-owned subsidiary of French state-owned nuclear group Orano. Founded in 1960, the company operates the McClean Lake mill in northern Saskatchewan, a unique facility that processes high-grade uranium ore without dilution and produced a record 19.8 million pounds of uranium in 2025. Its asset portfolio includes a 42.582% interest in the Cigar Lake Joint Venture with Cameco (172.4 million pounds U3O8 proven and probable reserves), a 79.2% operator interest in the 49,635-hectare Preston Lake Uranium Project with Skyharbour Resources, and the Shea Creek joint venture with Uranium Energy Corp. The company's core technology is the proprietary SABRE (Surface Access Borehole Resource Extraction) mining method, co-developed with Denison Mines over more than 20 years and first commercially deployed at McClean Lake in 2025.

Orano Canada operates a B2B enterprise sales model, supplying uranium concentrate (yellowcake) directly to nuclear utilities globally through long-term supply contracts and spot sales. The company has 251-500 employees and is positioned as one of the leading uranium producers in Canada, leveraging the high-grade Athabasca Basin. GTM motion centers on long-term contracted supply secured through joint venture partnerships with tier-one uranium operators and direct engagement with nuclear power generators requiring reliable fuel supply. The wider context for the company is the resurgence in global nuclear demand driven by decarbonization mandates and surging electricity consumption from AI infrastructure, against which Orano Canada's tier-one Athabasca Basin reserves and proprietary SABRE technology position it favorably.

Beyond active production, Orano Canada offers decommissioning services that plan site reclamation from project onset, returning mined land for traditional uses after production ceases. The company operates across Treaty 6, Treaty 8, and Treaty 10 Territory and the Homeland of the Métis, and invests in community programs including northern Saskatchewan scholarships administered for over 45 years. Operational logistics are secured through a 15-year, approximately $500 million agreement with Indigenous-owned airline Rise Air, while contractor management at the McClean Lake mill is supported by ISN's ISNetworld platform.

Name

Orano Canada

Legal name

Orano Canada Inc.

Website

https://oranocanada.com

Company type

Private

Founded year

1960

Operating status

Operating

Headcount range

251–500 employees

Short description

Orano Canada is a Saskatoon-based uranium mining, milling, and exploration company (a subsidiary of French state-owned Orano) that operates the McClean Lake mill and holds tier-one joint venture interests in Cigar Lake and Preston Lake, supplying uranium concentrate to nuclear utilities globally under long-term contracts.

Ownership category

akta.pro rank

Product category

Uranium Mining

NAICS

Iron Ore Mining (212210)

SIC

Metal Mining (1000)

akta.pro primary industry

Uranium Mining & Milling (Yellowcake/U3O8 Production) (EUAKACAB)

akta.pro secondary industries

Uranium Exploration & Resource Development (EUAKACAA), Nuclear Fuel Cycle for Power Generation (Uranium, Conversion, Enrichment, Fuel Fabrication) (EUACADAK)

Keywords

• Uranium mining
• Uranium concentrate production
• Nuclear fuel supply
• Mineral exploration
• Mine decommissioning

Headquarters

HQ city

Saskatoon

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D

Revenue model

1. Uranium Concentrate Production and Sales: Orano Canada extracts uranium ore from its mining operations and processes it at the McClean Lake mill to produce uranium concentrate (yellowcake). The company generates revenue through long-term supply contracts and spot sales to nuclear utilities and energy companies globally. Production at McClean Lake achieved a record 19.8 million pounds of uranium in 2025.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Orano Canada explores for, develops, and operates uranium mines in Canada's Athabasca Basin, producing uranium concentrate (yellowcake) primarily at the Orano-operated McClean Lake mill. It supplies uranium to nuclear power utilities through long-term contracts and spot sales, and provides related services including decommissioning and site reclamation.

Product overview

Orano Canada is a uranium mining and production company offering a portfolio of integrated services across the uranium supply chain. The core operations center on the Orano-operated McClean Lake mill—a unique facility for processing high-grade uranium ore—and the Cigar Lake Joint Venture, one of the world's highest-grade uranium mines. The company provides exploration services through projects like Preston Lake (79.2% owned, operator), employs the proprietary SABRE (Surface Access Borehole Resource Extraction) mining method developed with Denison Mines, and offers decommissioning services for site reclamation. The portfolio spans exploration, mining and milling, and environmental stewardship.

Differentiator

Problem solved

Functional benefit

Products and services

• McClean Lake Operation Orano-operated uranium mill and mining complex in northern Saskatchewan featuring a unique facility that processes high-grade uranium ore without dilution; achieved a production record of 19.8 million pounds of uranium in 2025.
• Cigar Lake Joint Venture One of the world's highest-grade uranium mines located in northern Saskatchewan, jointly operated by Orano Canada and Cameco, with proven and probable reserves of 172.4 million pounds of U3O8. Orano holds a 42.582% ownership stake following the acquisition of TEPCO's interest.
• Decommissioning Services Planning and execution of project area return to natural state from project onset, including land reclamation, monitoring, and making land available for traditional uses after production.
• Preston Lake Uranium Project A 49,635-hectare uranium exploration project in Saskatchewan's Athabasca Basin where Orano Canada holds a 79.2% majority interest and serves as operator, with exploration programs including airborne geophysical surveys and diamond drilling.
• Shea Creek Uranium Project Joint venture uranium project operated by Orano Canada with Uranium Energy Corp., representing one of Canada's largest undeveloped uranium resources with 67.57 million pounds indicated and 28.06 million pounds inferred U3O8.

Quantifiable outcome

• 19.8 million pounds of uranium produced in 2025, a production record for McClean Lake mill
• +1 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Six partnerships are on record, tiered core and minor.

• Skyharbour Resources Ltd.coreStrategic or Co-development PartnerOrano Canada holds 79.2% majority interest and serves as operator of the Preston Lake Uranium Project (49,635 hectares) in Saskatchewan's Athabasca Basin. Skyharbour retains 20.8% stake. The 2026 exploration program includes Airborne Gravity Gradiometry survey and up to 3,500 metres of diamond drilling targeting high-priority areas including the FSAN and Canoe Lake grids.
• Cameco CorporationcoreStrategic or Co-development PartnerOrano Canada and Cameco jointly acquired TEPCO Resources' 5% participating interest in the Cigar Lake Joint Venture. Upon closing (Q3 2026), Orano's stake will rise to 42.582% and Cameco's to 57.418%, consolidating control over one of the world's highest-grade uranium mines with proven/probable reserves of 172.4 million pounds U3O8.
• Denison Mines Corp.coreStrategic or Co-development PartnerOrano Canada and Denison Mines jointly developed the SABRE (Surface Access Borehole Resource Extraction) mining technology over more than 20 years. First commercial deployment occurred at McClean Lake Operation in 2025. Denison also reports first uranium production from McClean North deposit using SABRE method in Q3 2025.
• Uranium Energy Corp.minorStrategic or Co-development PartnerOrano Canada operates the Shea Creek uranium project in joint venture with Uranium Energy Corp. Shea Creek is one of Canada's largest undeveloped uranium resources with 67.57 million pounds indicated and 28.06 million pounds inferred U3O8.
• Rise AircoreStrategic or Co-development PartnerCameco and Orano signed a 15-year agreement with Rise Air, an Indigenous-owned airline, valued at approximately $500 million. The partnership provides transportation for workforce and enables fleet modernization, marking the longest partnership between the companies and Rise Air.
• ISN (ISNetworld)minorImplementation/ SI/ Consulting PartnerOrano Canada selected ISN's ISNetworld platform to improve contractor management, safety practices, and internal communication at the McClean Lake uranium mill. The platform facilitates contractor onboarding, training, and safety culture assessment.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Market position

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/oranocanada
• YouTubeyoutube.com/oranocanada
• Facebookfacebook.com/oranocanada
• LinkedInlinkedin.com/company/oranocanada
• Instagraminstagram.com/oranocanada

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Orano Canada