uranium mining

Cameco paid $83 million to increase its ownership stake in the Cigar Lake uranium mine to 57.418%. This consolidation move strengthens Cameco's control of a major North American uranium asset amid rising nuclear energy demand.

Denison Mines has approved Canada's first major uranium mine in 20 years, marking a significant milestone for domestic uranium production. This development comes amid growing demand for nuclear fuel as countries pursue clean energy transitions.