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Share this article Share this article VANCOUVER, BC, Feb. 11, 2021 /PRNewswire/ - Uranium Royalty Corp. (TSXV: URC) (US: URCCF) ( URC or the Company ) is pleased to announce it has entered into a definitive agreement to acquire existing royalty interests on the McArthur River and Cigar Lake Mines in Saskatchewan, Canada. Highlights The acquisition represents a transformational transaction for Uranium Royalty Corp (URC), providing potential near to long-term cash-flow opportunities from existing long-life mines operated by Cameco Corporation ( Cameco ) and partnered with Orano Canada Inc. ( Orano ), two of the world s most prominent uranium and nuclear fuel companies; World-class production profile: McArthur River and Cigar Lake mines rank as the two largest high-grade uranium mines in the world, with ore grade 100 times world averages as disclosed by Cameco. Based on disclosed production capacities, the mines have the combined capacity equal to 21 ....
[1] at 31 December 2020. · Estimated net asset value at 31 December 2020 was £2.44 per share [2] or US$280.5 million, comprising 9.32 million lbs of physical uranium (U 3O [3] and other net assets. · Yellow Cake s estimated net asset value as at 22 January 2021 was £2.43 per share [4]. 3O [5] to US$279.5 million [1] . 3O [1]
relative to the aggregate acquisition cost of US$202.3 million. · Total U 8 holdings of 9.32 million lb acquired at an average cost of US$21.71/ lb. · On 3 November 2020, the Company announced the completion of a share buyback programme (the Programme ) which resulted in the acquisition of a total of 4,156,385 of the Company s shares for a total consideration of £8.8 million (US$11.4 million) at a volume weighted average price of £2.13 per share and volume weigh ....
This story features Lotus Resources Ltd. For more info SHARE ANALYSIS: LOT While the uranium spot price continues in a narrow trading band, Cameco places its North Saskatchewan operations on care and maintenance. -Cameco suspends Cigar Lake operations -Positive UK government nuclear initiatives -Uranium spot price remains range-bound By Mark Woodruff Cameco, the world’s second largest uranium producer, suspended operations at its Cigar Lake Mine on December 14. This was after finding six positive covid cases in its North Saskatchewan operations. In an official statement, the company noted a significant negative trend in Saskatchewan case numbers, which has contributed to uncertainty over the mine s operations. That uncertainty was attributed in part to a lack of access to qualified staff, due to a shrinking number of available workers resulting from self-isolation, absenteeism and pandemic-related disruptions to transportation. ....
Cigar Lake uranium mine is closing for the second time this year due to the COVID-19 pandemic. Photo courtesy of Cameco Michael Bramadat-Willcock, Local Journalism Initiative Reporter Saskatoon-based uranium producer Cameco Corp. temporarily suspended production at Cigar Lake uranium mine in northern Saskatchewan on Monday amid a “significant negative trend in the pandemic” affecting the province.
“The safety of our workers, their families and communities is our top priority,” Cameco President and CEO Tim Gitzel said in a statement announcing the closure.
“We have had six positive tests at our northern operations in recent weeks, including three at Cigar Lake. While the protocols we have put in place have to date allowed us to effectively manage these cases, there are broader risks we don’t control,” Gitzel said. ....