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The number of companies with major exploration programs in Canada has increased rapidly with the recent price increases, and reported expenditures amounted to some $44 million in 2004. Although a significant portion of this total was directed to the Athabasca Basin, a surge in exploration activity was reported in Nunavut, the Northwest Territories, Quebec, Newfoundland and Labrador, Alberta, Yukon, Ontario and Manitoba. Basic "grassroots" uranium exploration in Saskatchewan doubled from $13 million in 2003 to $26 million in 2004. The top three operators, accounting for significant proportion of the $44 million expended were: Cameco Corporation, COGEMA Resources Inc. (CRI), and UEX Corporation.
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