Canadian uranium major Cameco on Wednesday announced the planned restart of the Cigar Lake mine, in northern Saskatchewan.
The mine will resume operations at the beginning of September, having been placed on care and maintenance on March 23, owing to the Covid-19 pandemic.
CEO Tim Gitzel said that the decision to resume Cigar Lake was “prudent”, noting that the Covid-19 pandemic posed a greater risk to supply than to demand, as the industry had become highly concentrated geographically and geologically.