🟢 Cameco Corporation is trading 5.3% up today after boosting its stake in the high-grade Cigar Lake mine

Cameco Corporation is trading 5.3% up at CA$164.07 after investors reacted positively to 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, which will raise Cameco’s total stake in the operation to approximately 57.4%.
• The move is designed to reinforce the company’s leverage to growing long-term nuclear energy and uranium demand.
• The agreement, announced on June 1, 2026, highlights Cameco's strategic focus on consolidating Tier-1 assets.