Friday, March 2, 2012

Cameco Announced agreement with AREVA Resources Canada Inc. To Purchase AREVA's 27.94% Interest in the Millennium Project for $150 Million

The Millennium project is a proposed uranium mine located in the Athabasca Basin of northern Saskatchewan, Canada. The project area is one of 12 mineral claims held by the Cree Lake Extension Joint Venture exploration project, which is currently owned by Cameco (41.96%), JCU (Canada) Exploration Company Ltd. (30.1%), and AREVA Resources Canada Inc. (27.94%). Cameco is the operator.

Source:
www.marketwire.com/press-release/cameco-announces-agreement-to-acquire-majority-ownership-of-the-millennium-project-tsx-cco-1627142.htm

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