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Cameco Corporation - CCJ STOCK NEWS

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Cameco Corporation (symbol: CCJ) is a leading global player in the uranium production industry, renowned for its substantial contribution to generating clean, reliable baseload electricity worldwide. As one of the largest uranium producers, Cameco is a key supplier of conversion services and one of the two recognized CANDU (Canada Deuterium Uranium) fuel manufacturers in Canada.

The company's competitive edge is anchored in its ownership of the world’s largest high-grade uranium reserves and its low-cost operations. Cameco's success is heavily built on its robust partnerships with Aboriginal communities, especially in northern Saskatchewan. As Cameco mines, mills, and explores for uranium, fostering and strengthening these relationships remains a top priority. This commitment is evident in Cameco’s five-pillar approach: business development, workforce development, community engagement, environmental stewardship, and community investment. These pillars not only support the company’s operations but also secure public trust and support.

Cameco's uranium products play a crucial role in generating clean electricity in nuclear power plants around the globe. The company also explores for uranium in regions such as the Americas, Australia, and Asia. In addition to uranium production, Cameco has diversified segments including fuel services and Westinghouse, with the majority of its revenue derived from its uranium segment. Among its notable projects are Millennium, Yeelirrie, Kintyre, and various exploration initiatives.

Cameco Corporation operates internationally with a footprint in Canada, Kazakhstan, Germany, Australia, and the United States. The company’s shares are traded on the Toronto Stock Exchange under the symbol CCJ. Cameco continues to innovate and lead in the uranium production sector, ensuring a stable supply of clean energy while maintaining strong community and environmental commitments.

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Cameco has signed a uranium supply agreement with China Nuclear International Corporation, a subsidiary of China National Nuclear Corporation. The contract volumes are reflected in the 215 million pounds of uranium Cameco reported having under long-term contracts as of April 27, 2023, and the reported average annual delivery volumes of 28 million pounds per year from 2023 through 2027 as of June 30, 2023.
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Cameco board member and chair, Ian Bruce, passes away
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Cameco expects reduced production at Cigar Lake mine and Key Lake mill to impact 2023 forecast. Cigar Lake mine expected to produce up to 16.3 million pounds of uranium concentrate this year, down from previous forecast of 18 million pounds. Production from McArthur River/Key Lake operations for 2023 anticipated to be 14 million pounds, down from previous forecast of 15 million pounds. Uncertainty remains for planned 2023 production at Key Lake due to various factors. Cameco maintains flexibility to source material through various means beyond production if required. Growing security of supply risk highlights the demand outlook and shift of risk from producers to utilities. The broader uranium market is moving toward replacement rate contracting for the first time in over a decade. No specific impact on stock price mentioned.
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Cameco releases its 2022 Environmental, Social, Governance (ESG) Report, highlighting its integration of ESG principles and practices. The report includes performance metrics, sustainability goals, and notable achievements. Cameco completed its Low Carbon Transition Plan and set a target to reduce GHG emissions by 30% by 2030. The company remained a major employer of Indigenous people and supported local businesses in northern Saskatchewan. Other highlights include paid work placements for residents of Saskatchewan's North and the development of an Elder's Advisory Program.
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Cameco (NYSE: CCJ; TSX: CCO) has signed a significant 10-year supply contract to deliver natural uranium hexafluoride (UF6) to the Kozloduy 5 Reactor in Bulgaria, marking its entry into the country's nuclear energy sector.

The contract, effective through 2033, involves approximately 2.2 million KgU (about 5.7 million pounds of U3O8) to support Bulgaria's nuclear power production, which accounts for over one-third of the nation’s electricity. Cameco's CEO, Tim Gitzel, expressed enthusiasm for enhancing energy security and contributing to carbon-free power initiatives.

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Cameco (NYSE: CCJ; TSX: CCO) filed its annual report on Form 40-F with the US Securities and Exchange Commission, including audited financial statements for the year ended December 31, 2022.

It also submitted its Canadian annual information form (AIF) to Canadian securities authorities. The financial results were previously filed in February 2023.

Additionally, Cameco plans to release its management proxy circular on April 6, 2023, for shareholders ahead of their annual meeting on May 10, 2023.

Cameco is a leading provider of uranium fuel for nuclear power, benefitting from significant high-grade reserves and efficient operations.

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Cameco (NYSE: CCJ; TSX: CCO) has announced that the Canada Revenue Agency has issued revised reassessments for the tax years 2007-2013. This will result in a refund of approximately $300 million, including $89 million in cash and $211 million in letters of credit. The reassessments follow court rulings that deemed Cameco’s foreign subsidiary income from non-Canadian uranium sales not taxable in Canada, reducing the transfer pricing adjustment from $5.12 billion to $3.25 billion. However, a broader tax dispute with the CRA remains unresolved, with $480 million still held by CRA.

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FAQ

What is the current stock price of Cameco Corporation (CCJ)?

The current stock price of Cameco Corporation (CCJ) is $49.44 as of January 31, 2025.

What is the market cap of Cameco Corporation (CCJ)?

The market cap of Cameco Corporation (CCJ) is approximately 21.3B.

What does Cameco Corporation do?

Cameco Corporation is a leading uranium producer, supplying conversion services and manufacturing CANDU fuel. Its uranium products are used to generate clean electricity worldwide.

Where does Cameco operate?

Cameco operates in Canada, Kazakhstan, Germany, Australia, and the United States, with exploration activities in the Americas, Australia, and Asia.

What are Cameco's core business segments?

Cameco's core business segments are uranium production, fuel services, and Westinghouse, with the majority of revenue coming from the uranium segment.

What projects is Cameco currently involved in?

Cameco is involved in several projects including Millennium, Yeelirrie, Kintyre, and various uranium exploration initiatives.

How does Cameco support local communities?

Cameco supports local communities through a five-pillar approach: business development, workforce development, community engagement, environmental stewardship, and community investment.

What is Cameco's competitive advantage?

Cameco's competitive advantage lies in its control of the world's largest high-grade uranium reserves and its low-cost operations.

How does Cameco contribute to clean energy?

Cameco's uranium products are essential for generating clean electricity in nuclear power plants around the world.

What is the importance of Cameco's partnerships with Aboriginal communities?

Partnerships with Aboriginal communities, particularly in northern Saskatchewan, are crucial for Cameco’s operations and are based on mutual trust and support.

Where are Cameco's shares traded?

Cameco's shares are traded on the Toronto Stock Exchange under the symbol CCJ.

What initiatives ensure Cameco's public trust?

Cameco ensures public trust through its commitment to business development, workforce development, community engagement, environmental stewardship, and community investment.
Cameco Corporation

NYSE:CCJ

CCJ Rankings

CCJ Stock Data

21.30B
433.36M
0.15%
73.93%
3.55%
Uranium
Energy
Link
United States of America
Saskatoon