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Uranium

Key Lake Operation

OWNERSHIP:

Cameco Corporation (83%)
AREVA Resources (17%)

OPERATOR:

Cameco Corporation

DISCOVERED:

1975 by Uranerz Exploration and Mining Limited

OPERATION:

In operation since 1983, Key Lake is the largest uranium milling operation
in the world. Key Lake currently processes uranium ore mined at McArthur River.

PRODUCTION:

Key Lake and McArthur River are currently licensed to produce up to 18.7 million lbs of uranium concentrate (U3O8) annually on average, not to exceed 21 million lbs U3O8 in any given year. Key Lake and McArthur River jointly produced 19.1 million lbs U3O8  in 2014

RESERVES:

0.7 million lbs. U3O8 with an average grade of 0.5% U3O8. Mining no longer occurs at Key Lake.

PLANS FOR 2015

  • Installation and commissioning of a new calciner in the mill

2014

© 2017, Saskatchewan Mining Association