| Turning attention to Cameco’s diversification strategy into other increasingly favorable jurisdictions that we mentioned above, we suggest Cameco review potential of the following: ► Increasing joint venture arrangements/acquisitions with uranium explorers and project developers. Examples: - Potential earn-in for development or outright acquisition of Forsys Metal’s uranium deposit in Namibia. - Potential earn-in for development or outright acquisition of A-Cap’s uranium deposit in Botswana. - Joint venture and/or greenfield exploration for uranium assets in Peru and Argentina. Plateau Uranium’s asset development in Peru is a notable example worth looking at. - Deep Yellow’s extensive exploration grounds of what potentially could be a consolidated suite of low cost uranium deposits in a proven Namibian district provides a notable joint venture opportunity for Cameco. - Greenland Minerals is demonstrating that Greenland has significant potential for natural resources and offers an interesting development potential. This initial deposit has the potential to be a significant asset growth vehicle for Cameco. - Goviex’s diverse African assets offer multi-jurisdictional exploration potential and possible partnerships to develop some existing deposits. |
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