Cameco announced that it has disposed of an aggregate of 5 million common shares in the capital of UEX Corp. 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 [...]
Cameco received notice that the Supreme Court of Canada has dismissed Canada Revenue Agency's 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. "We are pleased that the Supreme Court of Canada has rejected CRA's appeal request. It's another win for Cameco in [...]
Cameco 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 . "As we head into 2021, we remain positive about the long-term fundamentals for the uranium market," said Tim Gitzel, Cameco's president and CEO. "Around the globe, we are seeing an increasing focus on electrification for various [...]
Cameco marked the successful closure today of the binding Membership Interest Purchase Agreement between Cameco Corp., Silex Systems Limited and GE-Hitachi Nuclear Energy, completing the ownership restructuring of Global Laser Enrichment LLC . With the restructuring, Cameco's interest in GLE increases from 24% to 49%, with Silex acquiring the remaining 51%. Cameco is the commercial lead for the project and has an option [...]
Cameco will issue its fourth quarter and annual consolidated financial and operating results before markets open on Wednesday, February 10, 2021. Cameco invites investors and the media to join its fourth quarter conference call with the company's senior executives on Wednesday, February 10, 2021 at 8:00 a.m. Eastern. Cameco will discuss trends in the market and the execution of its strategy before opening the call to [...]
Cameco announced today that it will be temporarily suspending production at its Cigar Lake uranium mine in northern Saskatchewan over the coming weeks due to the increasing risks posed by the Coronavirus pandemic. Saskatchewan is experiencing a significant negative trend in the pandemic, which is leading to increased uncertainty for the continuous operation of Cigar Lake, due in part to access to qualified operational [...]
Cameco today reported its consolidated financial and operating results for the third quarter ended September 30, 2020 in accordance with International Financial Reporting Standards . “As expected, our results continue to be impacted by the pro-active operational decisions taken earlier this year,” said Tim Gitzel, Cameco’s president and CEO. “We believe that the actions we have taken to slow the spread of the COVID-19 [...]
Cameco received notice today that Canada Revenue Agency has sought leave from the Supreme Court of Canada to appeal the June 26, 2020 decision of the Federal Court of Appeal, which found in favour of Cameco in its dispute of reassessments issued by CRA for the 2003, 2005 and 2006 tax years. “After two clear and decisive rulings in our favour from the Tax Court of Canada and the Federal Court of Appeal that confirmed we [...]
Cameco announced today that it has completed its previously announced private placement of debentures consisting of $400 million aggregate principal amount of 2.95% Senior Unsecured Debentures, Series H maturing on October 21, 2027 . The Series H Debentures bear interest at a rate of 2.95% per annum, payable semi-annually in arrears on April 21 and October 21 of each year, with the first interest payment on April 21 [...]
Cameco announced today that it has priced a private placement of senior unsecured debentures consisting of $400 million principal amount of 2.95% Senior Unsecured Debentures, Series H maturing on October 21, 2027 . The closing of the Offering is expected to take place on October 21, 2020. Cameco intends to use the net proceeds of the Offering to redeem, upon closing of the Offering, all of its outstanding 3.75% Senior [...]
Cameco will issue its third quarter results before markets open on Wednesday, November 4, 2020. Cameco invites investors and the media to join its third quarter conference call with the company's senior executives on Wednesday, November 4, 2020 at 8:00 a.m. Eastern. Cameco will discuss trends in the market and the execution of its strategy before opening the call to questions from investors and the media. To join the [...]
Cameco today reported its consolidated financial and operating results for the second quarter ended June 30, 2020 in accordance with International Financial Reporting Standards . “The coronavirus pandemic has had a significant impact on people and the economy around the world.” said Tim Gitzel, Cameco’s president and CEO. “Cameco too has felt the impact with the proactive shutdown of our operations resulting in an [...]
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