Cameco Stock news
On June 1, 2026, Cameco Corporation (FRA: CJ6) announced a strategic agreement to increase its ownership stake in the Cigar Lake uranium mine, the world's highest--grade uranium operation. In a joint acquisition with Orano Canada, Cameco will purchase TEPCO Resources’ 5% participating interest for approximately $115.75 million CAD. Upon the transaction's expected close in the third quarter of 2026, Cameco’s ownership will rise to 57.418%. This acquisition reinforces Cameco’s control over tier--one assets as global demand for secure, carbon--free nuclear fuel continues to expand.