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02.07.26 - 23:06
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Cameco Closes Deal to Increase Ownership in Cigar Lake Mine (Business Wire)
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All amounts in Canadian dollars unless specified otherwiseSASKATOON, Saskatchewan--(BUSINESS WIRE)--$CCJ #cameco--Cameco (TSX: CCO; NYSE: CCJ) today announced that the acquisition of TEPCO Resources Inc.'s 5% participating interest in the Cigar Lake Joint Venture by Cameco and Orano Canada Inc. (Orano) has closed.
Cameco's ownership stake in the Cigar Lake uranium mine in northern Saskatchewan has now increased by 2.871 percentage points to 57.418%, while Orano's share has risen by 2.129 percentage points to 42.582%.
For more information regarding the transaction, please see Cameco's June 1, 2026 news release announcing the acquisition.
Profile
Cameco is one of the largest global providers of the uranium fuel needed to power a secure energy future. Our competitive position is based on our controlling ownership of the world's largest high-grade reserves and low-cost operations, as well as significant investments across the nuclear fuel cycle, including ownership interests in Westinghouse Electric Comp...
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