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Jan. 4, 2012, 9:24 a.m. EST

Canada hot stocks to watch: Cameco, Seabridge

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By Dow Jones

TORONTO (MarketWatch) -- Listed below are the stocks expected to move during Wednesday's trading session. They are listed with Tuesday's closing prices.

Cameco Corp. (CCJ, C$19.00, C$0.59, 3.2%) said it has reached the main mine workings with the second shaft at the Cigar Lake uranium mining project in northern Saskatchewan which it says is a "key milestone." It said it remains on track to start ore mining by mid-2013.

Seabridge Gold Inc. (SEA.T, C$17.34, C$0.84, 5.1%) said drilling at its Kerr deposit have yielded "some of the highest grades encountered to date" at the KSM project in British Columbia.

Imperial Metals Corp. (III.T, C$12.97, C$0.47, 3.8%) said permit amendments for the Huckleberry mine have been received and the board of Huckleberry Mines Ltd. has formally approved the Main Zone Optimization plan to extend the life of Huckleberry mine to 2021.

RuggedCom Inc. (RCM.T, C$24.75, C$0.65, 2.7%) said its board has unanimously recommended shareholders reject Belden Inc.'s (BDC) hostile C$22-a-share takeover offer, calling it "inadequate and opportunistic."

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