TSX:CCOOil and Gas
Cameco’s Higher Cigar Lake Stake Tests Rich Valuation And Uranium Thesis
Cameco and Orano Canada have agreed to acquire TEPCO Resources' 5% stake in the Cigar Lake uranium mine.
The transaction increases Cameco's direct ownership in Cigar Lake, described as a globally significant uranium asset.
The deal reflects Cameco's ongoing focus on uranium production and the broader nuclear energy sector.
Cameco (TSX:CCO) is making a fresh move at the asset level with this additional interest in the Cigar Lake mine, while the stock trades around CA$166.86. The share price...
