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Fission Uranium finds fertile ground in western Athabasca

By: Simon Rees Mighty oaks from little acorns grow, or so the saying goes. Having good ground is essential too and for many uranium juniors the best territory remains the Athabasca basin region, in northern Saskatchewan. Fission Uranium is one such company, although its gaze is focused on the Athabasca basin’s... 

Rabbit Lake mine, Canada

By: Lisete Bigala An underground operation located in Saskatoon, in Canada. 

Could Cameco team up with Rio to jointly buy Hathor?

By: Matthew Hill Cameco CEO Tim Gitzel took a chance in trying to bag uranium junior Hathor for a song in August, only for Rio Tinto to spoil the party on Wednesday when it came in with an 11% higher C$578-million bid. The show, however, is not over yet, with the possibility that the two companies – giants in... 

Cameco's Gitzel tells Hathor investors to tender amidst market uncertainty

By: Matthew Hill Saskatoon-based Cameco Corp, which in August made a hostile C$520-million bid for junior Hathor Exploration, said on Friday no alternative bidders had emerged and shareholders in the target company should tender to it offer. “The lack of any alternative to our premium offer confirms that Cameco... 

Cameco plans to process Cigar Lake ore at Areva mill

By: Matthew Hill Number-one uranium producer Cameco late on Wednesday said had reached an early agreement to process the ore it plans to mine at the Cigar Lake operation in Saskatchewan at the nearby McLean Lake mill, which France’s Areva owns. Doing so would shave around $5/lb off Cigar Lake’s operating costs,... 

This Halloween, trick or treat for Hathor boss Mike Gunning?

By: Matthew Hill Halloween’s got a big red circle around it in Hathor Exploration CEO Mike Gunning’s diary this year. It’s the day after the expiry of Cameco’s unfriendly C$520-million offer for his company, which has already received a frosty reception from the target. “Somehow, that’s appropriate for me,” he... 

Cameco makes hostile bid for Hathor official

By: Reuters Cameco Corp commenced its C$520 million ($531 million) hostile bid for Hathor Exploration on Tuesday, as Canada's top uranium producer looks to expand its output in the Athabasca basin. Cameco said on Friday that it was planning the hostile bid after talks aimed at a friendly deal failed. 

Cameco's $520m Hathor bid could spur uranium takeover frenzy - analysts

By: Matthew Hill Uranium giant Cameco’s C$520-million hostile offer for Canada’s Hathor Exploration, which owns a high-grade deposit in Saskatchewan, could spark a new wave of merger and acquisition activity in the sector, analysts said on Friday. In fact, France’s Areva might kick into action its own counterbid... 

Hathor wins mineral leases for Roughrider uranium project

By: Matthew Hill Uranium junior Hathor, which graduated to the TSX main board on Tuesday, has received three mineral leases for its Roughrider project in Saskatchewan. The Saskatchewan Ministry of Energy and Resources will need to convert the mineral leases into mining leases to allow the company to produce the... 

Cameco Q4 profit slumps, but FY earnings still up 8%

By: Creamer Media Reporter The net earnings of Canada-based Cameco fell by almost 50% in the fourth-quarter, the world’s largest uranium miner reported late on Friday. Cameco reported fourth-quarter net earnings of C$31-million, compared with $61-million in the same three-month period a year earlier. 

Cigar Lake on track, ready for dewatering - Cameco

By: Liezel Hill The world's biggest uranium producer, Cameco, has submitted all the necessary documents to the Canadian Nuclear Safety Commission, and is now awaiting the go ahead to begin pumping water out of the giant Cigar Lake project, in Saskatchewan. The CNSC is developing a schedule to review the... 

Rabbit Lake mine, Canada

By: Carla Thomaz The Rabbit Lake mine is situated 700 km north of Saskatoon, Saskatchewan, Canada. 

Operations resume at Rabbit Lake uranium mine

By: Liezel Hill The world's biggest uranium-miner, Cameco Corporation, has resumed normal mining activities ahead of schedule at its Rabbit Lake mine, in Saskatchewan, Canada, the company said on Wednesday.  

Cameco to permanently seal off parts of Rabbit Lake mine after water inflow

By: Liezel Hill The world's biggest uranium producer, Canada-based Cameco Corporation, plans to permanently seal off an area affected by water inflows in the Eagle Point underground mine, at its Rabbit Lake operation, in Saskatchewan, Canada, and does not expect to resume underground operations at the mine... 

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