Cameco Expanding Uranium Interests

The uranium bull market has dramatically increased the market caps of uranium producers. The world's largest uranium miner, Cameco Corp., is seeking to increase production while avoiding paying inflated prices for smaller uranium producers.

Other large uranium player such as Uranium One and Areva have spent billions this year making acquisitions. In contrast, Cameco is choosing to make smaller investments in joint ventures with smaller uranium prospectors. These joint ventures provide powerful leverage for Cameco, giving the company up to 70% stakes in prospective developments.

Recent Cameco investments and joint ventures:

Cameco acquired a 10% stake in Western Uranium for $20.5 million.

Cameco acquired 19.5% of UNOR inc.

$19 million investment in Cue Capital to explore for uranium in Paraguay.

Joint venture with Vena Resources to explore for uranium in Peru.