Cigar Lake
Project information
As at 31 December 2024
Type:
Royalty
Type:
Royalty
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Operating
Status:
Operating
Report standard:
Ni 43 101
Report standard:
Ni 43 101
Ownership %:
100
Ownership %:
100
Operator:
No
Operator:
No
Operator name:
Cameco Corp.
Operator name:
Cameco Corp.
Extraction:
Underground
Extraction:
Underground
Country:
Canada
Country:
Canada
Region:
Saskatchewan
Region:
Saskatchewan
Geological province:
Athabasca Basin (uranium)
Geological province:
Athabasca Basin (uranium)
Interest conditions:
20% NPI on a 3.75% share of overall uranium production derived from Orano's 40.453% interest; Rate adjusts to 10% upon production of 200 Mlbs from combined Cigar Lake and Dawn Lake lands.
Description
As at 31 December 2024
High-grade unconformity-associated uranium deposit mined via non-entry jet boring system. Ore is processed at the McClean Lake mill. Production commenced in 2014.
Royalty interests
Multiple effective dates · exclusive
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Reserves & resources — detail
As at 31 December 2024
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