AcquisitionsJul 6, 2026, 11:31 AM
Cameco Increases Cigar Lake Mine Ownership to 57.418%
AI Summary
Cameco Corporation announced the closing of a deal to increase its ownership in the Cigar Lake Joint Venture. Along with Orano Canada Inc., Cameco acquired TEPCO Resources Inc.'s 5% participating interest. This transaction boosts Cameco's stake in the Cigar Lake uranium mine by 2.871 percentage points, bringing its total ownership to 57.418%. Orano's share also increased to 42.582%.
Key Highlights
- Cameco and Orano Canada Inc. acquired TEPCO Resources Inc.'s 5% interest in the Cigar Lake Joint Venture.
- Cameco's ownership in the Cigar Lake uranium mine increased by 2.871 percentage points to 57.418%.
- Orano's share in the joint venture increased by 2.129 percentage points to 42.582%.
- The acquisition deal officially closed on July 2, 2026.
Price Impact
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