The savings stem from a simplified water control strategy.

Modern uranium mining is safe and environmentally-responsible

One week ago Cameco announced it will maintain low output levels until uranium prices recover.

The campaign is set to be of approximately 3,000 metres in up to four holes at an estimated cost of $1.1 million.

The plan calls for requiring the government to buy American uranium to replenish their stockpiles and for other purposes.

A World Nuclear Association report released on Thursday showed that world uranium production dropped from 62,200 tonnes in 2016 to 53,500 tonnes in 2018.

The miner is optimistic about the Larocque East property potential following a summer drilling program on the Hurricane zone.

The Wheeler River project has probable resources of 109.4 million lb. of uranium dioxide.