Welcome to our dedicated page for Cameco news (Ticker: CCJ), a resource for investors and traders seeking the latest updates and insights on Cameco stock.
Cameco Corporation reports news about uranium fuel supply, nuclear fuel-cycle services, and its interests in Westinghouse Electric Company and Global Laser Enrichment. Company updates commonly address the Uranium, Fuel Services, and Westinghouse segments, including production at McArthur River, Key Lake, Cigar Lake, and operations in Canada and Kazakhstan, along with long-term uranium contracting for utilities and government nuclear programs.
Recurring developments also include IFRS financial results, annual guidance, site operating conditions that affect mining or milling activity, dividend and shareholder-meeting matters, director elections, annual reporting, and supply-chain responsibility disclosures. Cameco's shares trade on the Toronto Stock Exchange under CCO and the New York Stock Exchange under CCJ.
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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.
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.
Cameco (NYSE: CCJ; TSX: CCO) has announced that the org value="ACORN:0792446358"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.