{"id":978379,"date":"2026-07-02T17:06:08","date_gmt":"2026-07-02T21:06:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cameco-closes-deal-to-increase-ownership-in-cigar-lake-mine\/"},"modified":"2026-07-02T17:06:08","modified_gmt":"2026-07-02T21:06:08","slug":"cameco-closes-deal-to-increase-ownership-in-cigar-lake-mine","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cameco-closes-deal-to-increase-ownership-in-cigar-lake-mine\/","title":{"rendered":"Cameco Closes Deal to Increase Ownership in Cigar Lake Mine"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Cameco Closes Deal to Increase Ownership in Cigar Lake Mine<\/b><\/p>\n<p class=\"bwalignc\"><i>All amounts in Canadian dollars unless specified otherwise<\/i><\/p>\n<p>SASKATOON, Saskatchewan&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<b>Cameco (TSX: CCO; NYSE: CCJ)<\/b> today announced that the acquisition of TEPCO Resources Inc.\u2019s 5% participating interest in the Cigar Lake Joint Venture by Cameco and Orano Canada Inc. (Orano) has closed.<\/p>\n<p>\nCameco\u2019s ownership stake in the Cigar Lake uranium mine in northern Saskatchewan has now increased by 2.871 percentage points to 57.418%, while Orano\u2019s share has risen by 2.129 percentage points to 42.582%.<\/p>\n<p>\nFor more information regarding the transaction, please see Cameco\u2019s June 1, 2026 news release announcing the acquisition.<\/p>\n<p><b>Profile<\/b><\/p>\n<p>\nCameco is one of the largest global providers of the uranium fuel needed to power a secure energy future. Our competitive position is based on our controlling ownership of the world\u2019s largest high-grade reserves and low-cost operations, as well as significant investments across the nuclear fuel cycle, including ownership interests in Westinghouse Electric Company and Global Laser Enrichment. Utilities around the world rely on Cameco to provide global nuclear fuel solutions for the generation of safe, reliable, carbon-free nuclear power. Our shares trade on the Toronto and New York stock exchanges. Our head office is in Saskatoon, Saskatchewan, Canada.<\/p>\n<p>\nAs used in this news release, the terms we, us, our, the Company and Cameco mean Cameco Corporation and its subsidiaries unless otherwise indicated.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260702163040r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260702163040\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260702163040\/en\/<\/a><\/span><\/p>\n<p><b>Investor inquiries<br \/>\n<\/b><br \/>Cory Kos<br \/>\n<br \/>306-716-6782<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:cory_kos@cameco.com\">cory_kos@cameco.com<\/a><\/p>\n<p><b>Media inquiries<br \/>\n<\/b><br \/>Veronica Baker<br \/>\n<br \/>306-385-5541<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:veronica_baker@cameco.com\">veronica_baker@cameco.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> North America Canada<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Natural Resources Energy Nuclear Mining\/Minerals Other Energy<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260702163040\/en\/1830919\/3\/Cameco_blue_850W.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Cameco Closes Deal to Increase Ownership in Cigar Lake Mine All amounts in Canadian dollars unless specified otherwise SASKATOON, Saskatchewan&#8211;(BUSINESS WIRE)&#8211;Cameco (TSX: CCO; NYSE: CCJ) today announced that the acquisition of TEPCO Resources Inc.\u2019s 5% participating interest in the Cigar Lake Joint Venture by Cameco and Orano Canada Inc. (Orano) has closed. Cameco\u2019s ownership stake in the Cigar Lake uranium mine in northern Saskatchewan has now increased by 2.871 percentage points to 57.418%, while Orano\u2019s share has risen by 2.129 percentage points to 42.582%. For more information regarding the transaction, please see Cameco\u2019s June 1, 2026 news release announcing the acquisition. Profile Cameco is one of the largest global providers of the uranium fuel needed to power a secure energy &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cameco-closes-deal-to-increase-ownership-in-cigar-lake-mine\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Cameco Closes Deal to Increase Ownership in Cigar Lake Mine&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-978379","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cameco Closes Deal to Increase Ownership in Cigar Lake Mine - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cameco-closes-deal-to-increase-ownership-in-cigar-lake-mine\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cameco Closes Deal to Increase Ownership in Cigar Lake Mine - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Cameco Closes Deal to Increase Ownership in Cigar Lake Mine All amounts in Canadian dollars unless specified otherwise SASKATOON, Saskatchewan&#8211;(BUSINESS WIRE)&#8211;Cameco (TSX: CCO; NYSE: CCJ) today announced that the acquisition of TEPCO Resources Inc.\u2019s 5% participating interest in the Cigar Lake Joint Venture by Cameco and Orano Canada Inc. (Orano) has closed. Cameco\u2019s ownership stake in the Cigar Lake uranium mine in northern Saskatchewan has now increased by 2.871 percentage points to 57.418%, while Orano\u2019s share has risen by 2.129 percentage points to 42.582%. For more information regarding the transaction, please see Cameco\u2019s June 1, 2026 news release announcing the acquisition. 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