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Cameco

#791

Rank

$25.6B

Marketcap

CA Canada

Country

Cameco
Leadership team

Mr. Timothy S. Gitzel (Pres, CEO & Director)

Dr. Grant E. Isaac (Sr. VP & CFO)

Mr. Brian Arthur Reilly B.Sc., M.B.A., M.Sc., P.Geo. (Sr. VP & COO)

Products/ Services
Energy, Manufacturing, Mineral, Mining Technology
Number of Employees
500 - 1000
Headquarters
Saskatoon, Saskatchewan, Canada
Established
1988
Company Registration
SEC CIK number: 0001009001
Net Income
20M - 100M
Revenue
Above - 1B
Traded as
CCJ
Social Media
Overview
Location
Summary
Cameco Corporation produces and sells uranium. It operates through two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services. This segment also produces fuel bundles or reactor components for CANDU reactors. The company sells its uranium and fuel services to nuclear utilities in the Americas, Europe, and Asia. Cameco Corporation was incorporated in 1987 and is headquartered in Saskatoon, Canada.
History

The Canadian Mining and Energy Corporation was formed in 1988 by the merger and privatization of two Crown corporations: the federally owned Eldorado Nuclear Limited and Saskatchewan-based Saskatchewan Mining Development Corporation . The name was later shortened to "Cameco Corporation".

The new company was initially owned 62% by the provincial government and 38% by the federal government. The initial public offering for 20% of the company was conducted in July, 1991. Government ownership of the company decreased over the next eleven years, with full privatization occurring in February, 2002.

In 1996, Cameco acquired Power Resources Inc., the largest uranium producer in the United States. This was followed in 1998 by the acquisition of Canadian-based Uranerz Exploration and Mining Limited and Uranerz U.S.A., Inc.

In 2008, Cameco purchased a 24% stake in Global Laser Enrichment , the exclusive licensee of the proprietary Separation of Isotopes by Laser Excitation technology developed by SILEX Systems Limited. GLE is developing this third-generation uranium enrichment technology. In 2021, Cameco and SILEX purchased GE-Hitachi's 76% stake in GLE, leaving Cameco with 49% of the company.In 2011, Cameco signed an agreement with Talvivaara Mining Company whereby Cameco would pay US$60 million to construct a uranium extraction circuit at the Talvivaara nickel-zinc mine in Sotkamo. Talvivaara would then pay back the initial construction costs in the form of uranium concentrate; once the initial costs were paid Cameco would continue to purchase the uranium concentrate at a pricing formula based on market price on the day of delivery.In 2012, it acquired a nuclear fuel intermediary, Nukem Energy.In 2016, Cameco suspended operations at its Rabbit Lake mine, due to low uranium prices. In 2017, it suspended operations for at least 10 months at its McArthur River mine and Key Lake mill, converting that to an indefinite shutdown in 2018 involving the layoff of about 700 staff.In October 2022, Cameco along with Brookfield Renewable Partners announced the acquisition of Westinghouse Electric Company in a US$7.9 billion deal including debt. Cameco will own a 49% interest in the company as part of the deal.

Mission
Our mission is to responsibly produce and deliver the world’s clean energy needs.
Vision
Our vision is of a world where reliable and sustainable energy sources free us from higher power costs and limit our environmental impact.
Key Team

Mr. Sean Anthony Quinn (Sr. VP, Chief Legal Officer & Corp. Sec.)

Ms. Alice Louise Wong Icd.D (Sr. VP & Chief Corp. Officer)

Mr. Scott McHardy (Director of North American Exploration & VP of Exploration)

Mr. C. Scott Bishop P. Eng. (Director of Technical Services)

Ms. Heidi Shockey (Vice-Pres & Controller)

Ms. Rachelle Girard (Director of Investor Relations)

Alain D. Renaud P.Geo. (Chief Geologist of Technical Services)

Recognition and Awards
Cameco has won numerous awards and recognitions for its performance in areas such as corporate social responsibility, community engagement, health and safety, and environmental stewardship.
References
Cameco
Leadership team

Mr. Timothy S. Gitzel (Pres, CEO & Director)

Dr. Grant E. Isaac (Sr. VP & CFO)

Mr. Brian Arthur Reilly B.Sc., M.B.A., M.Sc., P.Geo. (Sr. VP & COO)

Products/ Services
Energy, Manufacturing, Mineral, Mining Technology
Number of Employees
500 - 1000
Headquarters
Saskatoon, Saskatchewan, Canada
Established
1988
Company Registration
SEC CIK number: 0001009001
Net Income
20M - 100M
Revenue
Above - 1B
Traded as
CCJ
Social Media