Uranium

Mineweb reports on Cameco Corp.(TSE:CCO) investing in extracting uranium as a by-product of phosphate mining.

Mineweb reports on Cameco Corp.(TSX:CCO) investing in extracting uranium as a by-product of phosphate mining.

The market news is quoted as saying:

Cameco can elect to invest up to US$16.5 million in the continued development and commercialisation of the process. If Cameco invests the final US$4 million, the ownership of the technology related to the PhosEnergy Process will be: Cameco 63%, Uranium Equities 27%, Original developers 10%.

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