The company intends to buy Hathor in a transaction that values the fully diluted share capital of Hathor at about $520m.
Cameco has already delivered a written proposal to Hathor, outlining its interest in acquiring the company.
Cameco president and CEO Tim Gitzel said that Cameco’s offer provides Hathor shareholders an opportunity to receive an immediate and substantial premium for their shares and eliminate the inherent risks of a company at Hathor’s early stage of development.
Hathor is a junior uranium company focused on exploration projects in the Athabasca Basin of northern Saskatchewan, Canada.
