Highlights: Stephen M. Long appointed as the Chief Executive Officer of Global Laser Enrichment LLC , effective September 1, 2021 Formerly Senior Vice President, Business Development at GE-Hitachi Nuclear Energy Americas , and GEH Global Laser Enrichment Project Director, prior to that Uniquely positioned to lead the completion of GLE's continuing development and commercialization strategy and potentially take the SILEX [...]
Cameco today reported its consolidated financial and operating results for the second quarter ended June 30, 2021 in accordance with International Financial Reporting Standards . "Our second quarter results reflect the continued execution of our strategy and the proactive decisions to suspend production to protect the health and safety of our workers, their families and their communities," said Tim Gitzel, Cameco's [...]
Cameco , GE Hitachi Nuclear Energy and Global Nuclear Fuel-Americas have entered into a Memorandum of Understanding to explore several areas of cooperation to advance the commercialization and deployment of BWRX-300 small modular reactors in Canada and around the world. "Nuclear power will play a massive role in the global shift to zero-carbon energy, generating a lot of momentum for emerging SMR and advanced reactor [...]
Cameco is returning its regular workforce to the Cigar Lake uranium mine in northern Saskatchewan today and planning to restart production later this week. About 230 workers were evacuated from the site on July 1 as a precaution due to the proximity of a wildfire burning in the vicinity of the operation. In consultation with provincial wildfire management officials from the Saskatchewan Public Safety Agency, we believe [...]
Cameco provided an update today regarding the wildfire situation near the Cigar Lake uranium mine in northern Saskatchewan. All of the roughly 80 essential workers who remain at Cigar Lake are safe. The wildfire has moved past the main camp area without serious impact to the site itself. While our inspections continue, we believe no structural damage has occurred to any buildings and all assets appear intact. However [...]
Cameco has made the decision to evacuate all non-essential personnel from the Cigar Lake uranium mine in northern Saskatchewan. The action is being taken as a precaution due to the proximity of a northern wildfire that is currently burning in the vicinity of the operation. The situation is complicated by extremely warm, dry weather, resulting from the heat dome that has settled over western Canada in recent days, along [...]
Highlights: James Dobchuk appointed as the President and Chief Commercial Officer of Global Laser Enrichment LLC Formerly Executive Director at Cameco Inc. engaged in key US-based strategy, corporate development, project management, government and industry relations activities, very well positioned to support GLE in its next phase of commercialization Current Chair of the Nuclear Energy Institute's Nuclear Fuel Suppliers [...]
Cameco today reported its consolidated financial and operating results for the first quarter ended March 31, 2021 in accordance with International Financial Reporting Standards . "Our first quarter results were as expected," said Tim Gitzel, Cameco's president and CEO. "With the continued execution of our strategy and the unplanned disruptions due to the COVID-19 pandemic, we are not at the regular tier-one run rate of [...]
Cameco has announced the election of nine board members at its annual meeting held on May 6, 2021. Shareholders elected board members Leontine Atkins, Ian Bruce, Daniel Camus, Donald Deranger, Catherine Gignac, Tim Gitzel, Jim Gowans, Kathryn Jackson and Don Kayne. The annual meeting also marked the retirement of Anne McLellan from the board after 15 years as a Cameco director. "Anne will be missed for her wealth of [...]
Cameco announced today that it plans to restart production in April at its Cigar Lake uranium mine located in northern Saskatchewan. Production at Cigar Lake was temporarily suspended in December 2020 due to increasing risks posed by the Coronavirus pandemic. At that time, the availability of workers in critical areas was shrinking due to the pandemic, with more individuals screening out or residing in communities with [...]
Cameco 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 , and its Canadian annual information form . In addition, Cameco filed its AIF with Canadian securities regulatory authorities. Its audited annual financial [...]
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 [...]