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Story summary
- Cameco Corp. suspended mining at Cigar Lake after Orano’s McClean Lake mill shut its sulfuric acid plant.
- Orano is repairing the plant and expects the mill to restart in about two weeks, but any further delay could extend the mining halt because of limited ore storage.
- Cameco kept its 2026 outlook at 17.5-18 million pounds of uranium concentrate after a June purchase of TEPCO’s 5% stake raised its ownership to 57.4%.
