Cameco raises Cigar Lake stake after TEPCO acquisition closes

Cameco (NYSE: CCJ) has completed the acquisition of TEPCO Resources Inc.'s 5% participating interest in the Cigar Lake Joint Venture, the company announced in a press release.

Cameco's ownership in the Cigar Lake uranium mine in northern Saskatchewan increased by 2.871 percentage points to 57.418%. Joint venture partner Orano Canada Inc. acquired the remaining portion, raising its stake by 2.129 percentage points to 42.582%.

The transaction was first announced on June 1, 2026. All amounts are in Canadian dollars unless otherwise specified.

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