Canadian uranium developer NexGen Energy is holding discussions with mining giant BHP about its Rook I project in Saskatchewan's Athabasca Basin, according to company CEO Leigh Curyer.

NexGen is seeking approximately US$1 billion to help advance development of the major uranium project.

The talks highlight the growing international interest in Canadian uranium assets as countries look to secure long-term supplies for nuclear power.

Rook I is located in the Athabasca Basin, one of the world's most important uranium-producing regions. Saskatchewan's resource sector has increasingly attracted attention from international mining companies seeking exposure to critical minerals and nuclear-energy supply chains.

For NexGen, securing a strategic investor could provide additional capital and industry expertise as the company moves toward development.

The potential involvement of a major global mining company such as BHP also demonstrates the increasing importance of uranium investment in Canada's resource economy.

Canada's uranium industry could benefit from stronger global demand as governments seek reliable low-carbon electricity sources and greater energy security.

The discussions remain ongoing, and no final investment agreement with BHP has been announced.