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Orano raises stake in Canada's Cigar Lake uranium mine to 42.58%, boosting nuclear energy security.

Company Fundamentals
01 Jun 2026
Na
View Source
Bullish
pluang ai news

Orano Canada and Cameco have agreed to acquire TEPCO Resources' 5% stake in the Cigar Lake uranium mine, increasing Orano's ownership to 42.582% and Cameco's to 57.418%. This move strengthens their partnership and commitment to low-carbon nuclear energy, with the deal expected to close in Q3 2026 pending regulatory approval. Orano emphasizes its focus on operational excellence and community support in Saskatchewan, where it operates multiple uranium facilities.

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