Uranium scavenger cuts a deal

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Thu, Nov 19, 2009
Uranium Market News
Post by Melissa Pistilli, Uranium Reporter

tcetoday News report Cameco, the Canadian uranium giant has cut a deal to harvest uranium.

Australian company Uranium Equities is developing the PhosEnergy technology through US-registered Urtek, in which it has a 43% interest with the rights to acquire up to 90%. Under the deal, Cameco will have the right to acquire up to 70% of this 90% stake after a staged $16.5m investment beginning with $2.5m followed by two tranches of $5m and a final $4m.

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