An Acquisition That Should Ignite the Uranium Market

Investment U Research reports on the recent hostile takeover bid for Hathor Exploration (TSX:HAT) by Cameco Corp.(TSX:CCO).

The market news is quoted as saying:

The goal is to acquire Hathor’s high-grade Roughrider deposit in Saskatchewan’s prolific Athabasca Basin. The Roughrider deposit is a promising high-grade discovery that sits just 25 kilometers northwest of Cameco’s Rabbit Lake mill. (Yes, they’re on the metric system in the Great White North.)

Cameco initiated its all-cash hostile bid for Hathor earlier this week, after talks aimed at a friendly deal failed. Cameco wants to expand its output from the Athabasca Basin mining region in Western Canada.

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