🟢 Cameco Corporation is trading 5.3% up today after boosting its Cigar Lake stake

Cameco Corporation is trading 5.3% up today at CA$164.07 after announcing an agreement to increase its ownership in the high-grade Cigar Lake uranium mine.

• The deal involves acquiring a portion of TEPCO Resources’ 5% interest, further consolidating Cameco's position in one of the world's largest high-grade uranium deposits.
• Investors are reacting positively to the strategic move, viewing it as a bet on long-term uranium supply constraints and favorable pricing dynamics.