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By 2006, the only active uranium mine in Wyoming was the Smith Ranch-Highland in-situ leaching operation in the Powder River Basin, owned by Power Resources, Inc., a subsidiary of Cameco. The mine produced 907 tonnes of yellowcake (uranium oxide concentrate, U 3 O 8 ) in 2006, making it the leading uranium producer in the United States .
Smith Ranch and Highland are uranium mining operations located in Wyoming, U.S.A. They are separate permits, operated as a single operation, and have one central processing facility. The Smith Ranch-Highland operation is the largest uranium production facility in the United States. Smith Ranch and Highland are roll-front uranium deposits.
In the province of Ontario, Cameco operates a uranium refinery in Blind River and a uranium conversion facility in Port Hope, which has faced opposition from some community groups. [13] [14] Cameco is the exclusive fuel supplier to Bruce Power, which supplies 30% of Ontario's electricity through its nuclear generating plant. [15]
The IEA report was a boon to nuclear stocks across the board, including Cameco, Oklo, and Nano. Cameco is banking on strong uranium prices. Cameco is one of the largest uranium producers in the world.
What does Cameco do? Cameco is a uranium miner and nuclear fuel producer. It is, basically, a picks-and-shovels play on the nuclear power sector. Without the uranium it produces, nuclear power ...
Cameco generally sells its uranium production under long-term contracts, so a big jump in spot prices is not going to have a huge impact on its near-term results. For example, the company ...
On the good side, generally improved uranium prices in 2024 helped Cameco grow its sales 25% to $721 million. On the bad side, those sales weren't particularly profitable for Cameco.
Are the uranium markets at an inflection point, or will Cameco investors have to wait longer for a turnaround?