Cameco ups stake in Cigar Lake uranium mine
SASKATOON – Cameco Corp. has struck a deal to acquire Idemitsu Canada Resources Ltd.’s 7.87% stake in the Cigar Lake uranium joint venture for $107 million. As a result, Cameco’s ownership interest in the Cigar Lake mine in northern Saskatchewan will increase by 4.522 percentage points to 54.547% Orano Canada Inc.’s share will rise by 3.53 percentage points...
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