In February of this year, Cameco chief executive Tim Gitzel already announced that   "it no longer makes sense for the company to keep to its goal of producing 36 million pounds of uranium a year by 2018." because the market was being reduced, now they have cancelled plans to build an already controversial new uranium mine on English River First Nation's territory in northern Saskatchewan, about 600 KM north of Saskatoon.

   After the English River First Nation launched a lawsuit against Cameco, a deal had been made and the mine had been approved by the chief and band council despite continual province wide protests in a process shrouded in secrecy with no member's vote and little or no public notice until it was too late. Now, as the demand for uranium goes down everywhere in the world, the costs of a new mine are no longer worth the product.