Cameco explores sale of U.S. uranium mines as six-year slump drags on

Canada’s Cameco Corp, the world’s second-biggest uranium producer, is exploring the sale of its U.S. production facilities, its chief executive said on Monday, as a six-year slump in the industry drags on. Cameco, which has been cutting costs and curbing production, is in the early stages of evaluating the sale of its mines in Wyoming and Nebraska, but also wants clarity on U.S. President Donald Trump’s plans for nuclear power, Chief Executive Tim Gitzel said in a telephone interview.

“We are in the process of looking at divesting those assets. We’re not very far into it, so I can’t say too much, but it’s something we’re looking at,” he said from the city of Saskatoon in Saskatchewan province, where Cameco is based.