Cameco eyes expansions of uranium mines on rising nuclear demand

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The Cigar Lake uranium mine in northern Saskatchewan. Credit: Cameco

Cameco Corp., one of the world’s top uranium producers, is considering expanding some of its mining projects as global demand for nuclear power rises, according to its top executive.

“We’ve got some fantastic uranium ore bodies, and we’re looking to extend and expand those where we can,” chief executive officer Tim Gitzel said in an interview on Bloomberg Television. Gitzel didn’t specify which projects the company might expand.

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