Cameco / Ore Milled And Packaged As Facilities Return To Normal Operations

Market weakness led to four-year shutdowns
Ore Milled And Packaged As Facilities Return To Normal Operations
The McArthur River mine (pictured) and Key Lake mill are expected to produce up to 2 million pounds of uranium concentrate in 2022. Courtesy Cameco.
The first pounds of uranium ore from the McArthur River mine have now been milled and packaged at the Key Lake mill, marking initial production as the two facilities return normal operations, Canada-based uranium provider Cameco said.

Production was suspended at McArthur River and Key Lake, both in Saskatchewan, for approximately four years beginning in January 2018 due to persistent weakness in the global uranium market.

In February 2022, with a notable market improvement underway and an increase in long-term contracting activity adding significant volumes to our portfolio, Cameco announced the planned restart of both operations.

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