CAPITAL MARKETS

New Cameco deal for Uranium Equities

CANADIAN uranium producer Cameco has promised $US16.5 million ($A17.8 million) to buy a 63% stake in Australian junior Uranium equities’ PhosEnergy project.

Kate Haycock
New Cameco deal for Uranium Equities

The deal will go ahead in three tranches, with the first a $US2.5 million investment earning Cameco a 10.6% interest in the project. If Cameco commits the full $16.5 million, the Canadian company will...

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