Cigar Lake is the world's largest undeveloped high-grade uranium deposit. The mine is currently in development with a target of mid-2013 for first production.

• Deposit has proven and probable reserves of more than 209.3 million pounds U₃O₈ at an average grade of 17.04% (Cameco's share is 104.7 million pounds)
• Remediation work continues underground through the remainder of 2010 to restore mine infrastructure after successful dewatering of the mine was achieved in February, 2010.
• Mine construction began in January 2005, but setbacks occurred in October, 2006 and August, 2008 through separate water inflows into the mine. The source of these inflows were identified and then sealed prior to dewatering.
• Project will employ up to 500 employees when construction resumes.
• Approximately 250 people will be employed permanently
• Just over half of Cigar Lake uranium will be trucked to Cameco's Rabbit Lake operation as a solution for final processing which is expected to extend the life of Cameco's Rabbit Lake operation
• Cameco is the operator of the Cigar Lake joint venture.

Cigar Lake Remediation Diagram