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Cameco to acquire Australian uranium project
Clayton Utz and Ashurst have acted on a US$430 million agreement for the acquisition of the Yeelirrie uranium project in Western Australia.
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Firms: Clayton Utz (Cameco Corporation), Ashurst (BHP Billiton)
Area: Energy and resources
Value: US$430 million
Key players: Energy & Resources / M&A partners Heath Lewis and Brett Cohen (pictured) led the Clayton Utz team in Perth
Deal significance: Cameco Corporation is one of the world's largest uranium producers with listings on the Toronto and New York stock exchanges. Yeelirrie is one of Australia’s largest undeveloped uranium deposits, located about 650 kilometres northeast of Perth and about 750 kilometres south of Cameco’s Kintyre exploration project. The deal subject to regulatory approvals.