Uranium Mine Ownership Act

An Act respecting ownership of uranium mines in Canada

This bill was last introduced in the 40th Parliament, 3rd Session, which ended in March 2011.

This bill was previously introduced in the 40th Parliament, 2nd Session.

Sponsor

Bradley Trost  Conservative

Introduced as a private member’s bill. (These don’t often become law.)

Status

Introduced, as of Sept. 16, 2009
(This bill did not become law.)

Summary

This is from the published bill. The Library of Parliament often publishes better independent summaries.

This enactment provides that any transaction that would result in majority ownership by non-residents of a uranium mining property in Canada must be approved by the Minister of National Defence.

Elsewhere

All sorts of information on this bill is available at LEGISinfo, provided by the Library of Parliament. You can also read the full text of the bill.

Uranium Mine Ownership ActRoutine Proceedings

September 16th, 2009 / 3:30 p.m.
See context

Conservative

Bradley Trost Conservative Saskatoon—Humboldt, SK

moved for leave to introduce Bill C-436, An Act respecting ownership of uranium mines in Canada.

Mr. Speaker, the purpose of this legislation is to give the uranium industry the same ability to receive foreign investment as is commonly noted in other mining and natural resource sectors.

While it is not known by many members of the House, there are specific restrictions on foreign investment in uranium mines dating from the same principles and behaviour of the national energy program in the same era and philosophy.

It should also be noted that this bill also puts in national security provisions noting that uranium is a natural resource that has certain applications that are not always peaceful.

Finally, I would like to note the principles of this legislation have been widely supported by different political parties in Saskatchewan.

(Motions deemed adopted, bill read the first time and printed)