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.