Uranium producer Cameco Corp raised its offer for Hathor Exploration by 20 percent on Monday, challenging a friendly takeover bid by Rio Tinto for the small Canadian mining company.The C$4.50 per share offer, which values Hathor at C$625 million ($614 million), sent the company's stock soaring 8.5 percent to C$4.85 on the Toronto Stock Exchange, as investors bet on a bidding war over the uranium junior.Cameco's latest bid is 8 percent higher than the friendly C$4.15 a share offer from Anglo-Australian Rio Tinto, and adds 75 Canadian cents to its own previous bid of C$3.75.At stake is Hathor's large exploration-stage Roughrider project in the uranium-rich Athabasca region of Saskatchewan in Western Canada.
Canadian Mining Company Inc. (Canadian Mining) is engaged in the evaluation, acquisition, exploration, development and operation of mineral properties in British Columbia, Arizona, United States of America and Sonora, Mexico. Shares of CNG fell by 12.5% or $-0.005/share to $0.04. In the past year, the shares have traded as low as $0.02 and as high as $0.08. On average, 86450 shares of CNG.V exchange hands on a given day and today's volume is recorded at 50000.
Cameco Corporation (Cameco) is a uranium producer and a provider of processing services required to produce fuel for nuclear power plants. Shares of CCJ fell by 0.3% or $-0.06/share to $19.74. In the past year, the shares have traded as low as $17.21 and as high as $44.81. On average, 2441880 shares of CCJ exchange hands on a given day and today's volume is recorded at 1597337.
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