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Cameco Ord Shs T.CCO

Alternate Symbol(s):  CCJ

Cameco Corporation is engaged in providing uranium fuel to generate clean, reliable baseload electricity around the globe. The Company also offers nuclear fuel processing services, refinery services and manufactures fuel assemblies and reactor components. Its segments include uranium, fuel services and Westinghouse. The uranium segment is involved in the exploration for, mining, milling, purchase and sale of uranium concentrate. The fuel services segment is involved in the refining, conversion and fabrication of uranium concentrate and the purchase and sale of conversion services. The Westinghouse segment is engaged in the nuclear services businesses. Its uranium projects include Millennium, Yeelirrie, and Kintyre. The Cree Extension-Millennium project is a Cameco-operated joint venture located in the southeastern portion of Canada's Athabasca Basin. The Yeelirrie deposit is located approximately 650-kilometer (Km) northeast of Perth and about 750 km south of its Kintyre project.


TSX:CCO - Post by User

Post by lithomonon Aug 25, 2022 1:58am
421 Views
Post# 34918937

Massive Developments in Uranium Market

Massive Developments in Uranium MarketWow, what a pleasant jump in CCO share price (up over $4.50).

And GLO as well, to a smaller degree, now approaching $4 as Roman & team open up the underground workings of new Uranium mine with expanding Uranium resource.

I missed observing this rapid run-up of Uranium equities as have been heavily following the Lithium market as Germany & Mercedes-Benz scramble to shore up a steady flow of Lithium energy production from Ontario Canada deposits (strategic "direct sourcing" Lithium supply agreements announced by Mercedes Thursday as part of the German business delegation with Chancellor Olaf Scholz).

Similar to Germany's ambitious drive for Lithium energy, I would think that Germany's "rethink" of Uranium energy and the reopening of German Nuclear facilities (power generation) is creating a surge of investor demand for "key" Uranium developers and producers.

Notwithstanding Japan's decision to re-open its Nuclear industry and begin building new nuclear reactor facilities.

Ideal timing to have Very high Grade Uranium mines like Cameco or be developing new Uranium mine & processing facilities like Global Uranium (GLO).
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