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Sask. uranium giant ups stake in laser technology to fuel small reactors The world’s largest publicly traded uranium company is betting big on a new laser enrichment technology that it says will help power Canada’s shift to a more eco-friendly future. Saskatoon-based Cameco Corp. obtained a 49 per cent stake in Global Laser Enrichment LLC (GLE) in a joint acquisition with Australian technology company Silex Systems for General Electric Company subsidiary GE-Hitachi Nuclear Energy’s shares in the project. GLE was founded in 2008 as a joint venture between General Energy, Hitachi and Cameco to develop Silex’s technology that separates isotopes using lasers to produce enriched uranium. ....
Resilient in the face of unprecedented challenges; Globally, net-zero carbon targets support nuclear growth story Cameco today reported its consolidated financial and operating results for the fourth quarter and year ended December 31, 2020 in accordance with International Financial Reporting Standards . “As we head into 2021, we remain positive about the long-term fundamentals for the uranium market,” said Tim Gitzel, Cameco’s president and CEO. “Around the globe, we are seeing an increasing focus on electrification … Cameco (TSX: CCO; NYSE: CCJ) today reported its consolidated financial and operating results for the fourth quarter and year ended December 31, 2020 in accordance with International Financial Reporting Standards (IFRS). ....
Press release content from Globe Newswire. The AP news staff was not involved in its creation. Resilient in the face of unprecedented challenges; Globally, net-zero carbon targets support . Cameco CorpFebruary 10, 2021 GMT SASKATOON, Saskatchewan, Feb. 10, 2021 (GLOBE NEWSWIRE) Cameco (TSX: CCO; NYSE: CCJ) today reported its consolidated financial and operating results for the fourth quarter and year ended December 31, 2020 in accordance with International Financial Reporting Standards (IFRS). “As we head into 2021, we remain positive about the long-term fundamentals for the uranium market,” said Tim Gitzel, Cameco’s president and CEO. “Around the globe, we are seeing an increasing focus on electrification for various reasons. There are those that are installing baseload power, those who are looking for a reliable replacement to fossil fuel sources, and finally, there is new demand for things like the electrification of transportation. This is occurring ....
Cameco marked the successful closure today of the binding Membership Interest Purchase Agreement between Cameco Corporation, Silex Systems Limited and GE-Hitachi Nuclear Energy, completing the ownership restructuring of Global Laser Enrichment LLC . With the restructuring, Cameco’s interest in GLE increases from 24% to 49%, with Silex acquiring the remaining 51%. Cameco is the commercial lead for the project and . ....