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Uranium & Metal Ore Mining in Newfoundland

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS NL21229CA

Uranium & Metal Ore Mining in Newfoundland industry analysis

Revenue for the Uranium & Metal Ore Mining industry in Newfoundland And Labrador is expected to grow an annualized x.x% to $x.x million over the five years to 2025, while revenue for the national industry will likely grow at x.x% during the same period. The number of industry establishments has decreased an annualized -x.x% to x locations over the past five years. Industry employment has increased an annualized x.x% to xxx workers during the period, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, provincial industry revenue is expected to decline an annualized -x.x% to $x.x million, while revenue for the national industry will likely grow x.x%. The number of industry establishments is forecast to grow x.x% to x locations over the next five years. Industry employment is expected to decrease an annualized -x.x% to xxx workers during the outlook period, while industry wages likely decrease -x% to $x.x million.

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About the Uranium & Metal Ore Mining in Newfoundland Market Research Report

What’s Included in the Uranium & Metal Ore Mining in Newfoundland Market Research Report

Definition of the Uranium & Metal Ore Mining in Newfoundland?

Companies in the Uranium and Metal Ore Mining industry in Canada mine molybdenum, platinum, palladium, beryllium, uranium and a range of other nonferrous metal-bearing ores, excluding gold, silver, copper, nickel, lead and zinc ores.

What’s included in the Uranium & Metal Ore Mining in Newfoundland?

The Uranium & Metal Ore Mining in Newfoundland includes uranium mining and beneficiating, platinum group metal mining and beneficiating, molybdenum ore mining and beneficiating, cobalt mining and beneficiating, palladium mining and beneficiating and other metal ore mining and beneficiating (excluding iron ore, gold and silver, and major base metals). Related terms covered in the Uranium & Metal Ore Mining in Newfoundland industry report includes a process that involves dissolving uranium in the ground. the uranium solution is then pumped out for processing, a very fine, powder-like product containing the valuable ore mineral from which most of the waste mineral has been eliminated, a type of surface excavation in the form of an inverted cone; the shape of the mine opening varies with the shape of the mineral deposit, a process by which mos2 concentrate is converted into roasted molybdenite (moo3) concentrate, which typically contains a minimum of 57.0% molybdenum, and less than 0.1% sulfur and also known as uranium oxide, it is used to produce fuel for nuclear electric power generation.

Industry Performance of the Uranium & Metal Ore Mining industry in Newfoundland

Benchmark the Uranium & Metal Ore Mining in Newfoundland industry performance with all NL Census Metropolitan Area and national performance.

Uranium & Metal Ore Mining in Newfoundland

#6 in Highest Revenue 5.5% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Uranium & Metal Ore Mining


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Uranium & Metal Ore Mining industry in Newfoundland

See how key industry drivers, such as median houshold income, private investment in non-residential construction, gross domestic product, world price of uranium, world price of platinum and canadian effective exchange rate index are impacting Uranium & Metal Ore Mining in Newfoundland

Newfoundland Economic Indicators

Median Houshold Income
Private Investment in Non-Residential Construction
Gross Domestic Product

View more economic information in NL State Economic profile

Canada Key External Drivers

World price of uranium
World price of platinum
Canadian effective exchange rate index

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Uranium & Metal Ore Mining industry in Newfoundland

Key Statistics of the Uranium & Metal Ore Mining industry in Newfoundland

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Uranium & Metal Ore Mining industry in Newfoundland in 2025?

The market size of the Uranium & Metal Ore Mining industry in Newfoundland is $276.0m in 2025.

How many businesses are there in the Uranium & Metal Ore Mining industry in Newfoundland in 2025?

There are 2 businesses in the Uranium & Metal Ore Mining industry in Newfoundland, which has been declining at an average annual rate of -7.8% from 2020 to 2025.

Has the Uranium & Metal Ore Mining industry in Newfoundland grown or declined over the past 5 years?

The market size of the Uranium & Metal Ore Mining industry in Newfoundland has been growing at an average annual rate of 4.8% from 2020 to 2025.

How many employees in the Uranium & Metal Ore Mining industry in Newfoundland in 2025?

There are 221 employees in the Uranium & Metal Ore Mining industry in Newfoundland, which has been growing at an average annual rate of 5.3% from 2020 to 2025.