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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 (NYSE: CCJ) has published its 2023 Sustainability Report, detailing the company's initiatives and achievements in reducing its carbon footprint, enhancing environmental protection, and promoting community engagement. Key highlights include the introduction of Scope 3 emissions data, the installation of a closed-loop cooling system at Port Hope Conversion Facility, and the development of decarbonization pathways. The report emphasizes Cameco's commitment to the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-Related Financial Disclosures (TCFD) guidelines. Additionally, Cameco underscores its support for Indigenous communities, with 50% of its workforce in northern Saskatchewan being Indigenous and 74% of service spending allocated to northern-owned businesses. The report also touches on Cameco's strategic acquisition of Westinghouse, aiming to strengthen its role in the global nuclear industry.

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SaskPower, Westinghouse, and Cameco have signed an MOU to explore Westinghouse's nuclear reactor technology and the required nuclear fuel supply chain for Saskatchewan's clean power needs.

The MOU will evaluate technical and commercial pathways for deploying Westinghouse’s AP1000® reactor and AP300™ small modular reactor (SMR) for Saskatchewan's long-term electricity supply planning.

This includes a Saskatchewan-based nuclear supply chain, collaboration on nuclear research, workforce training, and a potential final investment decision by 2029 for building Saskatchewan’s first SMR facility.

Westinghouse’s reactors are operational and setting performance records globally, with the AP300 SMR targeted for design certification by 2027 and construction starting in 2030. Cameco and Westinghouse aim to help Saskatchewan achieve carbon-free electricity for the future.

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Cameco (TSX: CCO; NYSE: CCJ) has successfully completed a $500 million debenture offering. The offering consists of 4.94% Senior Unsecured Debentures, Series I, maturing on May 24, 2031. Interest payments are set at 4.94% per annum, payable semi-annually on May 24 and November 24, starting November 24, 2024. The debentures are not registered under the U.S. Securities Act and cannot be sold in the U.S. without registration or an applicable exemption. Cameco is a leading global provider of uranium fuel for clean-air energy, with significant investments in the nuclear fuel cycle and ownership interests in Westinghouse Electric Company and Global Laser Enrichment.

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Cameco (TSX: CCO; NYSE: CCJ) has announced a $500 million private placement offering of senior unsecured debentures, with a 4.94% interest rate maturing on May 24, 2031. The proceeds will be used to retire its 4.19% Senior Unsecured Debentures due June 24, 2024. The new debentures will be direct, unsecured obligations, ranking equally with all other unsecured indebtedness. Closing is expected on May 24, 2024. The offering will be led by TD Securities, RBC Capital Markets, and Scotiabank, and will not be available to U.S. investors. Cameco emphasizes the company’s strong position in the nuclear fuel market, focusing on sustainable growth and risk management.

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Cameco (TSX: CCO; NYSE: CCJ) announced the election of eight board members at its annual meeting. Shareholders elected new members and bid farewell to retiring directors. The voting results for the board members were positive, with high percentages of votes in favor of each member. Cameco is a leading provider of uranium fuel with a strong global presence in the nuclear industry.

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Cameco reported strong operational performance in Q1 2024, with solid financial results in line with their 2024 outlook. The company remains focused on debt reduction, maintaining a strong cash position. Their production rates and total production costs are on track with plans for 2024, reflecting a transition to a tier-one cost structure. Cameco continues to secure long-term contracts and is strategically positioned to benefit from the growing support for nuclear energy.

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Cameco (CCJ) files annual report with financial statements and MD&A for 2023. Plans to release management proxy circular and Modern Slavery Report. Cameco is a global uranium provider with investments in nuclear fuel cycle companies.
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Cameco (CCO, CCJ) reported strong financial performance for 2023, with net earnings, adjusted net earnings, and cash from operations more than doubling compared to 2022. Adjusted EBITDA was up 93%. The company expects continued strong financial performance in 2024 and plans to transition to a tier-one cost structure and make necessary investments for sustainable growth. However, heightened geopolitical uncertainty, global production shortfalls, and transportation challenges in 2023 highlighted growing security of supply risk.
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Cameco (TSX: CCO; NYSE: CCJ) appoints Catherine Gignac as chair of board of directors following the passing of Ian Bruce. Gignac, a board member since 2014, brings over 30 years of experience in capital markets and the mining industry. Cameco is a leading global provider of uranium fuel for clean-air energy generation, with significant investments across the nuclear fuel cycle.
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Cameco (TSX: CCO; NYSE: CCJ) completes acquisition of Westinghouse Electric Company in partnership with Brookfield Asset Management, expecting to enhance nuclear sector growth and provide global solutions for secure, reliable, and emissions-free baseload power.
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FAQ

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

20.27B
434.63M
0.15%
75.07%
4.27%
Uranium-Radium-Vanadium Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
Saskatoon