Key facts
- Cameco and Orano will acquire TEPCO's 5% interest in the Cigar Lake Joint Venture.
- Cameco's ownership stake in the Cigar Lake mine will increase to 57.418%.
- Orano's ownership stake in the Cigar Lake mine will increase to 42.582%.
Cameco is a major global producer of uranium, essential for nuclear power generation. The Cigar Lake mine is one of the world's largest high-grade uranium deposits. This transaction consolidates ownership and potentially streamlines operations.