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Cigar Lake to light up by September

COVID-19 uranium supply disruptions push spot prices 35% higher

Henry Lazenby
Cameco plans to restart the Cigar Lake uranium mine in Saskatchewan in September

Cameco plans to restart the Cigar Lake uranium mine in Saskatchewan in September

CEO Tim Gitzel said Wednesday the COVID pandemic had caused a supply shock that drove uranium spot prices up 35% to US$33.33/lb in the June quarter. This raised quarterly revenues 35% over the same period...

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