Cameco not likely done with M&A yet, analysts say

Cameco’s announcement this week that it is paving the way to raise up to $1-billion has sparked speculation the Canadian uranium giant may be preparing for a large takeover. TSO & Associates analyst Terence Ortslan said on Friday there are...

Cameco to pay C$150m for Areva's Millennium stake

Cameco, the biggest uranium producer in the world, has agreed to buy Areva’s 28% stake in the Millennium project in Saskatchewan for C$150-million, sparking speculation the French nuclear giant might put other Canadian assets up for sale. While...

Fission could be next in line for uranium M&A, says president

Canadian Uranium junior Fission Energy has signed confidentiality agreements with “all the major players” in the Athabasca basin, president and COO Ross McElroy told Mining Weekly Online on Friday. The companies are interested in Fission’s...

Analyst trims Fission target price, still expects a Rio takeout

Versant Partners on Friday cut its target price by 21% for Canadian uranium hopeful Fission Energy after a recent $10-million private placement diluted the share’s value, analyst Rob Chang is still predicting Rio Tinto will buy the company. In...

Cameco extends spurned Hathor offer to Nov 14

Cameco Corp, the world’s biggest uranium miner, has extended its C$3.75 a share hostile bid for junior Hathor Exploration to November 14, it said on Monday. TSX-quoted Hathor rejected the August 26 offer, opting instead for a friendly deal with...

Energy Fuels to buy Titan Uranium

TSX-quoted Energy Fuels on Tuesday agreed to buy smaller junior Titan Uranium for shares, offering a 33.6% premium to its closing price the previous day. The companies said the friendly deal would create a platform for further consolidation of...