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Uranium & Metal Ore Mining in Ontario

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS ON21229CA

Uranium & Metal Ore Mining in Ontario industry analysis

Revenue for the Uranium & Metal Ore Mining industry in Ontario 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 stagnated an annualized 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 grow 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 stagnate x% to x locations over the next five years. Industry employment is expected to increase an annualized x.x% to xxx workers during the outlook period, while industry wages likely increase x% to $x.x million.

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

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

Definition of the Uranium & Metal Ore Mining in Ontario?

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 Ontario?

The Uranium & Metal Ore Mining in Ontario 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 Ontario 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 Ontario

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

Uranium & Metal Ore Mining in Ontario

#3 in Highest Revenue 10.8% 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 Ontario

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

Ontario Economic Indicators

Gross Domestic Product
Private Investment in Non-Residential Construction
BachelorsEd

View more economic information in ON 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 Ontario

Access proprietary data on Census Metropolitan Area in the Uranium & Metal Ore Mining in Ontario, such as Toronto. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

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

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 Ontario in 2025?

The market size of the Uranium & Metal Ore Mining industry in Ontario is $544.9m in 2025.

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

There are 4 businesses in the Uranium & Metal Ore Mining industry in Ontario, which has been declining at an average annual rate of 0.0% from 2020 to 2025.

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

The market size of the Uranium & Metal Ore Mining industry in Ontario has been growing at an average annual rate of 19.8% from 2020 to 2025.

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

There are 394 employees in the Uranium & Metal Ore Mining industry in Ontario, which has been growing at an average annual rate of 6.5% from 2020 to 2025.