Cameco to acquire an additional 7.8% stake in Idemitsu Canada Resources.

Cameco, a global provider of the uranium fuel needed to energize a clean-air world, and Orano Canada, a uranium mining, milling, and exploration company, to acquire an additional 7.8% stake in Idemitsu Canada Resources, a developer of uranium resource at Sigar Lake mine in Canada. “As the world’s largest high-grade uranium mine, Cigar Lake is quite simply one of the best and most prolific uranium producing assets on the planet. Cameco is very pleased to increase our ownership stake in this outstanding tier-one operation. As the operator of Cigar Lake since 2002, it’s an asset we know incredibly well. It’s a proven, permitted and fully licenced mine in a safe and stable jurisdiction that operates with the tremendous participation and support of our neighbouring Indigenous partner communities,” Tim Gitzel, Cameco president and CEO.