Canada’s Athabasca Basin, where the world’s highest grade deposits are located, is especially ripe for consolidation. Rio Tinto, which purchased Hathor for $650 million a couple years ago, will likely be looking to expand its position in the Basin, along with long-time player Cameco ( TSX: CCO), which has seen its share price rise more than 17% since February 20, 2014, and possibly BHP Billiton Ltd.
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