Cameco Corporation
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Cameco suspends production at Cigar Lake
Cameco announced on Monday that it will be temporarily suspending production at its Cigar Lake uranium mine in northern Saskatchewan over the coming weeks due to the increasing risks posed by the COVID-19 pandemic. “The safety of our workers, their families…
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Cameco sees long-term opportunities while dealing with ‘near-term’ pandemic costs
With its Cigar Lake uranium mine in northern Saskatchewan on care and maintenance for the majority of the second and third quarters, Cameco reported a quarterly net loss of $61 million ($78 million adjusted) for the third quarter, following a…
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SUSTAINABILITY: Agnico Eagle, Cameco win MAC awards
OTTAWA – Miners Agnico Eagle Mines and Cameco are this year’s recipients of the Mining Association of Canada’s (MAC) Towards Sustainable Mining (TSM) Excellence Awards, which recognize innovative sustainability projects focused on community engagement and the environment. The TSM encourages…
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The Northern Miner Podcast – episode 187: How COVID-19 is impacting the uranium market, ft. Cameco
This episode features the Q&A portion of Cameco’s Q1 conference call that took place on May 1, 2020. Cameco president and CEO Tim Gitzel and vice-president and chief financial officer Grant Isaac discuss the impact of the coronavirus on uranium prices, as well as…
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URANIUM: Cameco, Orano Canada suspending Sask. operations due to COVID-19
SASKATCHEWAN – Uranium companies Cameco and Orano Canada are suspending mining and processing activities at their operations in the northern part of the province due to the COVID-19 threat. The two companies jointly agreed to suspend production activities: Cameco operates…
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URANIUM: Cameco awarded $40.3m in damages in TEPCO contract dispute
SASKATOON, Sask. – A tribunal of international arbitrators ruled in favour of Cameco Corporation in the miner’s contract dispute with Tokyo Electric Power Company Holdings, TEPCO. According to a corporate press release, the tribunal rejected TEPCO’s assertion that it had…
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URANIUM: Purepoint brings fresh look to Smart Lake JV
SASKATCHEWAN – Toronto-based Purepoint Uranium Group is preparing for the restart of exploration at the Smart Lake joint venture in the southwest portion of the Athabasca Basin. This is a partnership of Purepoint (27%) and Cameco Corp. (73%) Purepoint has…
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URANIUM: Purepoint updates work at Hook Lake
SASKATCHEWAN – Purepoint Uranium Group of Toronto has offered an update on work planned for the Hook Lake uranium project. Purepoint (21%) sat down with its joint venture partners Cameco (39.5%) and Orano Canada (39.5%) to review data and develop…
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ETFs: Horizons launches Canada’s first uranium ETF
TORONTO – Horizons ETFs Management (Canada) is pleased to announce the launch of the Horizons Global Uranium Index ETF. Units of the ETF will begin trading today on the Toronto Stock Exchange under the ticker symbol HURA. HURA is the first ETF…
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URANIUM: Purepoint completes initial fieldwork at Hook Lake
SASKATCHEWAN – Purepoint Uranium Group says it has finished the initial fieldwork at the Hook Lake joint venture. The project lies on the southwest edge of the Athabasca Basin in the Patterson uranium district, between Fission’s Tri[le R deposit and…
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URANIUM: ALX Uranium wants a piece of the Close Lake project
SASKATCHEWAN – Canada’s ALX Uranium signed a non-binding letter of intent this week with Orano Canada, a subsidiary of France’s Orano Group. The letter refers to the possible acquisition by ALX of a 51% participating interest in the Close Lake…
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URANIUM: West McArthur JV sets aside $2.4M for 2019 drilling, geophysics
SASKATCHEWAN – Vancouver’s CanAlaska Uranium and Saskatoon’s Cameco Corp. have formed the West McArthur joint venture and agreed on a $2.4-million exploration budget for 2019. CanAlaska will be the operator and 70% owner. Next year’s work will focus on extending…
