Cameco reports first quarter results, Cigar Lake restart and the continued execution of strategy to support global clean-air transition
Cameco (TSX: CCO; NYSE: CCJ) today reported its consolidated financial and operating results for the first quarter ended March 31, 2021 in accordance with International Financial Reporting Standards (IFRS).
Cameco Announces Election of Directors
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Cameco Restarting Cigar Lake Mine in April
Cameco (TSX: CCO; NYSE: CCJ) announced today that it plans to restart production in April at its Cigar Lake uranium mine located in northern Saskatchewan.
Cameco Reports Document Filings
Cameco (TSX: CCO; NYSE: CCJ) reported today that it filed its annual report on Form 40-F with the US Securities and Exchange Commission. The document includes Cameco's audited annual financial statements for the year ended December 31, 2020, its management's discussion and analysis (MD&A), and its Canadian annual information form (AIF).
Cameco Sells Shares of UEX Corporation
Cameco (TSX: CCO; NYSE: CCJ) announced that it has disposed of an aggregate of 5 million common shares in the capital of UEX Corporation (UEX) at a price of approximately $0.30 per common share for aggregate proceeds of $1,501,500. Cameco disposed of the securities pursuant to a series of trades completed today through the facilities of various stock exchanges. The 5 million common shares disposed of by Cameco represent approximately 1.1% of the current issued and outstanding common shares of UEX on a non-diluted basis.
Cameco Pleased as Supreme Court Dismisses CRA Leave to Appeal
Cameco (TSX: CCO; NYSE: CCJ) received notice that the Supreme Court of Canada has dismissed Canada Revenue Agency's (CRA) application for leave to appeal the June 26, 2020 decision of the Federal Court of Appeal. The dismissal means that the dispute for the 2003, 2005 and 2006 tax years is fully and finally resolved in Cameco's favour.
Resilient in the face of unprecedented challenges; Globally, net-zero carbon targets support nuclear growth story
Cameco (TSX: CCO; NYSE: CCJ) today reported its consolidated financial and operating results for the fourth quarter and year ended December 31, 2020 in accordance with International Financial Reporting Standards (IFRS).
Cameco Increases Interest in Global Laser Enrichment
Cameco (TSX: CCO; NYSE: CCJ) marked the successful closure today of the binding Membership Interest Purchase Agreement (MIPA) between Cameco Corporation, Silex Systems Limited (Silex) and GE-Hitachi Nuclear Energy, completing the ownership restructuring of Global Laser Enrichment LLC (GLE).
Cameco Provides Date for Q4 Results and Conference Call
Cameco (TSX: CCO; NYSE: CCJ) will issue its fourth quarter and annual consolidated financial and operating results before markets open on Wednesday, February 10, 2021.
America's National Security Blind Spot: Uranium and Rare Earth Element Production
Reliance on foreign and malign sources for critical materials is a national security risk. Though the United States is by far the largest consumer of uranium in the world, the country imports nearly 100% its uranium, much from state-owned foreign sources, strangling domestic suppliers and creating a hazardous situation for the U.S. supply chain and electrical grid. Many Americans may well know of the country's near-100% dependence on China for critical rare earth elements. However, most may not realize that America is also nearly 100% dependent on uranium imports -- Increasingly imported from entities owned by the governments of Russia, China and their allies. Like rare earth elements, uranium is designated by the U.S. government as critical to the nation's security and economic prosperity, and the Department of Interior warned, "This dependency of the United States on foreign sources [of uranium] creates a strategic vulnerability for both its economy and military to adverse foreign government action, natural disaster, and other events that can disrupt supply of these key minerals." Energy Fuels Inc. (NYSE: UUUU) (TSX: EFR) (UUUU Profile), the United States' leading domestic producer of uranium, has led the charge in efforts to warn the U.S. government about the security threats to uranium supply chain disruption, and also recently announced that it is working to help bring rare earth processing back to the U.S. by leveraging its White Mesa Mill. If the U.S. fails to act, 20% of the nation's electricity -- and 55% of its clean, carbon-free electricity -- may become hostage to malign foreign sources of uranium, and recent events show that any supply chain disruption, malicious or well-intentioned, can have a devastating impact. Major companies across all segments have recognized the importance of streamlining supply chains, including Tesla (NASDAQ: TSLA), a company that relies on rare earth elements (REEs) to power its vehicles. Reliable, low-cost sources for uranium production exist in the United States, as well as from free-market allies. Canada-based Cameco (TSX: CCO) (NYSE: CCJ) is one of the largest global providers of the uranium fuel needed to produce clean energy, and Australian BHP Group (NYSE: BHP) provides needed minerals across the globe. Headquartered in Phoenix, Arizona, leading international mining company Freeport-McMoRan (NYSE: FCX) conducts a significant mining operation in North America, specializing in copper, gold, and molybdenum. The United States and its allies have the resources and know-how to produce uranium and rare earths, and it's time to end risky market dominance by Russian and Chinese state-owned and subsidized enterprises.