Recent Updates — CCJ

Cameco Corporation acknowledged a US-Korea Framework for the Deployment of Nuclear Power, anticipating a $120 billion Korean investment to finance Westinghouse reactor technology in the US. The plan contemplates constructing up to eight large nuclear reactors, including six AP1000 and two APR1400 units, on federal sites. This framework builds upon Cameco's October 2025 strategic partnership with Brookfield Asset Management and the US Department of Commerce. While Cameco does not expect any potential Korean equity investment in Westinghouse to affect its ownership interest, the initiative supports the US government’s goal of quadrupling civil nuclear capacity by 2050. The terms are non-binding and subject to definitive agreements, regulatory approvals, and financing arrangements.

Cameco is one of the largest global providers of uranium fuel for nuclear power generation.

Cameco Corporation announced that Westinghouse Electric Company, a joint venture owned by Cameco and Brookfield Renewable Partners, has confidentially submitted a draft registration statement on Form S-1 with the SEC for a proposed initial public offering of its common stock. The number of shares to be offered and the price range have not yet been determined, and the offering remains subject to market conditions. Cameco is one of the largest global providers of uranium fuel needed to power nuclear energy.

Cameco reported second quarter 2026 net earnings of $25 million (CAD), a 92% decline from the prior year period, driven by lower equity earnings from Westinghouse and reduced uranium sales volumes. Adjusted net earnings were $77 million, while adjusted EBITDA reached $391 million. The company maintained its 2026 production guidance of 19.5 to 21.5 million pounds of U3O8 despite temporary disruptions at Key Lake, McArthur River, and Cigar Lake. Cameco also announced that Dominique Minière stepped down from the Board of Directors effective July 26, 2026. The company operates in the nuclear energy industry, providing uranium mining, milling, and fuel services.

Cameco Corporation announced that its Cigar Lake mine in northern Saskatchewan has resumed production activities following a temporary suspension caused by challenges at Orano's McClean Lake mill. The company's 2026 production outlook for Cigar Lake remains unchanged, with an expected range of 17.5 million to 18.0 million pounds of U3O8. Cameco is a global provider of uranium fuel for nuclear power generation.