Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Business

Cameco Completes Yeelirrie Acquisition


Print article Print article
© Marketwire 2012
2012-12-19 03:02:03 -

SASKATOON, SASKATCHEWAN -- (Marketwire) -- 12/19/12 --


ALL AMOUNTS ARE STATED IN CDN $ (UNLESS NOTED)


Cameco (TSX:CCO) (NYSE:CCJ) announced today that it has completed the acquisition of the Yeelirrie uranium project in Western Australia for $430 million (US). Yeelirrie is one of Australia's largest undeveloped uranium deposits and is located about 650 kilometres northeast of Perth and about 750 kilometres south of Cameco's Kintyre exploration project.



Cameco purchased the Yeelirrie development project from BHP Billiton and has received the necessary approvals from the government of Western Australia and the Australian Foreign Investment Review Board for the acquisition. With the acquisition completed, Cameco will be paying stamp duty of about $22 million (US) to the government of Western Australia.


Yeelirrie is a near-surface calcrete-style deposit, amenable to open pit mining techniques. Cameco will now conduct a full document review of the project and develop future plans.


Profile


Cameco, with its head office in Saskatoon, Saskatchewan, is one of the world's largest uranium producers. The company's uranium products are used to generate electricity in nuclear energy plants around the world, providing one of the cleanest sources of energy available today. Cameco's shares trade on the Toronto and New York stock exchanges.


As used in this news release, "Cameco" or the "company" means Cameco Corporation, a Canadian corporation and its subsidiaries and affiliates unless stated otherwise.



Contacts:

Cameco

Investor inquiries:

Rachelle Girard

(306) 956-6403


Cameco

Media inquiries:

Cadence Willis (Australia)

+61 (0) 409 758 247


Cameco

Media inquiries:

Rob Gereghty (North America)

(306) 956-6190



Press Information:




Contact Person:


Disclaimer: (c) 2014 Market Wire. All of the press releases contained herein are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Market Wire's, who warrant that they are solely responsible for the content, accuracy and originality of the information contained therein. All reproduction, other than for an individual user's personal reference, is prohibited without prior written permission.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com | BidVertiser