SASKATCHEWAN – Saskatoon-based Cameco Corp. says it plans to boost the production rate at the Cigar Lake uranium mine to 16 million packaged lb of uranium concentrate. The company’s share will be 8 million lb, with the balance shared by its partners Areva Resources Canada (37%), Idemitsu Canada Resources (8%), and Tepco Resources (5%).
Ore from the Cigar Lake mine is treated at the McClean Lake uranium mill operated by Areva. With the increase in Cigar Lake ore, the throughput of the mill must be raised to 16 million lb U3O8 per year from the current rate of 13 million lb. Operator Areva will apply to the Canadian Nuclear Safety Commission for permission to increase production.
Cigar Lake is the world’s highest grade uranium mine. Learn more at Cameco.com/cigar-lake.