Cameco Corp. Considering Putting $3-Billion Liquidity Toward Uranium

Financial Post reported Cameco Corp. (TSX:CCO,NYSE:CCJ) could use as much as $3-billion liquidity towards acquiring and developing uranium assets.

As quoted in the market news:

BMO Capital Markets analyst Edward Sterck ran the numbers, and determined that buying a minority stake in European enrichment company URENCO would be the best move. The deal would make Cameco a more fully integrated nuclear company, as it is not currently involved in enrichment.

URENCO is owned by a group of governments and utilities in Britain, the Netherlands and Germany. All of the owners are studying potential sales, so there is an opportunity to get in.

Click here to read the full Financial Post report.