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Following the agreement, Cameco’s interest in the Cigar Lake Joint Venture company, which owns Cigar Lake, will increase by just over 4.5 percentage points to around 54.5%. Orano’s stake will increase by 3.3 percentage points to just over 40%. The remaining shareholder, Japan’s Tepco Resources, a Canada-based subsidiary of Tokyo Electric Power Company, will retain its 5% interest.
Cameco will pay approximately CAD107m ($82m, €78m) to acquire the stake in Cigar Lake from Idemitsu. This may be adjusted at the closing of the transaction, which is expected in the second quarter of 2022.
- Source: Nucnet
- Date: Thursday, 12 May 2022
- Original article: nucnet.org/news/cameco-and-orano-increase-ownership-in-cigar-lake-uranium-mine-5-3-2022
Energoatom and Cameco have signed a memorandum of cooperation and understanding as part of the Ukrainian nuclear power plant operator's strategy to diversify its nuclear fuel supply. The document was signed yesterday at the uranium producer's headquarters in Saskatoon, Canada.
- Source: World Nuclear News
- Date: Tuesday, 27 August 2019
- Original article: world-nuclear-news.org/Articles/Ukraine-further-diversifies-fuel-supply-with-Canad
Energoatom and Cameco have signed a memorandum of cooperation and understanding as part of the Ukrainian nuclear power plant operator's strategy to diversify its nuclear fuel supply. The document was signed yesterday at the uranium producer's headquarters in Saskatoon, Canada.
- Source: World Nuclear News
- Date: Friday, 23 August 2019
- Original article: world-nuclear-news.org/Articles/Ukraine-further-diversifies-fuel-supply-with-Canad