Cameco Increases Ownership Stake in Cigar Lake Mine
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
Cameco has increased its ownership stake in the Cigar Lake mine, with reports suggesting the company now holds a majority interest. The exact percentage of ownership is specified as 57.418% in some reports, while others indicate that Cameco, along with Orano, has taken full ownership of the mine. The deal reportedly involved the acquisition of an interest from TEPCO Resources and was valued at C$115 million.
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