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Cameco to acquire Australian uranium project

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.

Firms:  Clayton Utz (Cameco Corporation), Ashurst (BHP Billiton)

Deal:  Agreement with BHP Billiton for the acquisition of the Yeelirrie uranium project in Western Australia

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.

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