Iraqi Uranium in Canada

Published: Wednesday, 07/09/2008 12:00 am EDT

About 1.2 million pounds of uranium was shipped from Iraq to Montreal as part of a business deal struck between Saskatoon-based company Cameco, the world's largest uranium-producing company, and the government of Iraq, the Globe and Mail reported. Cameco won't say how much it paid for the yellowcake material, but at current spot market prices, the material would be worth more than $72 million (US). Cameco was first contacted by the U.S. State Department in January about the deal, and the U.S. military was responsible for transporting the uranium out of Iraq and to Montreal.

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