Reuters reported Cameco Corp (TSX:CCO,NYSE:CCJ) has backed out of a bidding war for Hathor (TSX:HAT).

As quoted in the market news:

For weeks, Rio Tinto and Cameco have been locked in a battle to acquire Hathor, which controls the advanced exploration-stage Roughrider project in the uranium-rich Athabasca region of Saskatchewan in Western Canada.

Click here to read the full Reuters report.