SRC will apply the research and knowledge gained from the licensing and deployment of an initial microreactor to support the Saskatchewan nuclear industry to better understand this type of technology and the potential for future microreactor projects in the province.

Saskatchewan's nearly $1 billion-a-year uranium industry made Canada the world's second-largest producer in 2022, according to World Nuclear Association (WNA) data. This puts the province ahead of previous frontrunners including Namibia and Australia. In 2021, Canada ranked third, while Kazakhstan has consistently placed first. In 2021, the Saskatchewan uranium industry employed 1,842 people. In 2023, the industry is currently expected to produce 15 million kilograms of yellowcake, almost double last year's number. Northern Saskatchewan has the largest high-grade uranium deposits in the world. This region is the source of almost a quarter of the world's uranium supply for electrical generation. The Saskatchewan uranium deposits are very high grade. Cigar Lake is the world's highest grade uranium mine, with grades that are 100 times the world average.