S&P 500
7,401.00
+0.91%
Dow Jones
49,665.70
+0.19%
Nasdaq 100
29,241.00
+2.43%
Russell 2000
2,860.88
+0.82%
FTSE 100
10,263.70
+0.48%
Nikkei 225
63,767.70
+2.68%

Investing

Rio Tinto Wins Bidding War for Uranium Miner (RIO, CCJ, HTHXF)

Photo of Paul Ausick
By Paul Ausick Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Mining giant Rio Tinto plc (NYSE: RIO) will apparently win the bidding war it’s been waging with Cameco Corp. (NYSE: CCJ) over Canadian uranium miner Hathor Exploration Ltd. (OTC: HTHXF). Cameco has announced that it will not increase its price and will let its offer of CDN$4.50/share expire tomorrow.

Rio’s winning bid of CDN$4.70 values Hathor at CDN$654 million.

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Continue Reading

Paul Ausick |

Victory in Uranium Miner Acquisition (RIO, CCJ, HTHXF, DNN, URZ, URRE, ARVCY)

Rio Tinto plc (NYSE: RIO) stands to complete its offer a junior uranium miner with the withdrawal of Cameco Corp.…

Paul Ausick |

Bidding War for Uranium Miner Mushrooms (RIO, CCJ, POT, BHP, HTHXF, DNN, URZ, URRE)

Mining giant Rio Tinto plc (NYSE: RIO) has gotten itself into another bidding war. This time the playing field favors…

Paul Ausick |

Expected Price Gains in Uranium Mining and Nuclear Energy (CCJ, DNN, URRE, URZ, UEC, URG, USU, GE, SHAW, ARVCF, TOSBF)

The outlook for uranium miners and nuclear power plant builders has dimmed considerably following the disaster at Japan’s Fukushima Daiichi…

Jon C. Ogg |

Uranium’s Nuclear Profits (CCJ, URRE, UEC, URA)

Uranium miner Cameco Corp. (NYSE: CCJ) reported third quarter EPS of $0.20 today on revenue of $419 million. Revenue was…

Jon C. Ogg |

Commodities Watch: Iron Ore Mining Wins, Uranium Mining Doesn’t; Corn Prices Continue Falling; Gold, Silver Headed in Opposite Directions (VALE, NHYDY, CCJ, ARVCF, RIO, CORN, GLD, SLV)

Vale SA (NYSE: VALE), one of the world’s leading producers of iron ore posted record profit in the first quarter…

Douglas A. McIntyre |

Top Active Trader Alert Stocks (CCK, CIGX, JASO, NOK, MU)

Active traders and day traders have many stocks to choose from this Monday morning.  We are tracking news and moves…

Cameco Stock (CCJ) Falls 6% But Retail Traders Stay Bullish
Douglas A. McIntyre |

Cameco Stock (CCJ) Falls 6% But Retail Traders Stay Bullish

Cameco Corporation (NYSE: CCJ | CCJ Price Prediction) shares are down nearly 6% today, and over 15% the last week.…

Douglas A. McIntyre |

Cramer’s Uranium Pick (EMU)

On tonights MAD MONEY on CNBC, Jim Cramer had a nuclear power play that may still have a negative bias…

Earnings Previews: Cameco, Canopy Growth, CVS Health
Paul Ausick |

Earnings Previews: Cameco, Canopy Growth, CVS Health

Before markets open Wednesday we will hear earnings results from a key uranium miner, a struggling marijuana grower and a…

Top Gaining Stocks

Akamai
AKAM • Vol: 21,556,944
Micron Technology
MU • Vol: 65,135,624
Intel
INTC • Vol: 227,504,426
Monster Beverage
MNST • Vol: 15,284,847
Dell Technologies
DELL • Vol: 12,167,525

Top Losing Stocks

Mettler Toledo International
MTD • Vol: 539,266
Motorola Solutions
MSI • Vol: 3,101,643
Expedia
EXPE • Vol: 4,189,786
Coterra Energy
CTRA • Vol: 73,319,495
Fidelity National Information Services
FIS • Vol: 11,468,820