Cameco( TSX: CCO; NYSE: CCJ) reported immediately that it filed a technical report for the Inkai operation on a voluntary foundation beneath Nationwide Instrument 43-101 Requirements of Disclosure of Mineral Tasks (“NI 43-101”). The technical report is being filed to supply up to date info referring to the Inkai operation and never because of a requirement beneath NI 43-101. The technical report has been posted on our web site and SEDAR+ at www.sedarplus.ca and on EDGAR on the SEC web site at www.sec.gov . Our web site, SEDAR+ and EDGAR usually are not a part of this press launch and usually are not included by reference herein. Readers are inspired to learn the technical report in its entirety, together with all {qualifications}, assumptions and exclusions therein.
Moreover, Cameco filed a brief type base shelf prospectus dated November 12, 2024 (the “Base Shelf Prospectus”) with the securities regulatory authorities in every of the provinces and territories of Canada, and a corresponding shelf registration assertion on Type F-10 with the USA Securities and Change Fee beneath the Multijurisdictional Disclosure System (File No. 333-283140) (the “U.S. Registration Assertion”). These filings enable Cameco to make choices of frequent shares, most well-liked shares, warrants, subscription receipts, debt securities and models or any mixture thereof, having an mixture providing worth of as much as $2 billion (US) (or its equal in one other forex) through the subsequent 25 months in Canada and the USA. The particular phrases of any providing of securities will likely be set forth in a shelf prospectus complement.
As well as, Cameco has entered into an fairness distribution settlement (the “Distribution Settlement”) dated November 12, 2024 with TD Securities Inc., CIBC World Markets Inc. and Scotia Capital Inc., as Canadian brokers, and TD Securities (USA) LLC, CIBC World Markets Corp. and Scotia Capital (USA) Inc., as U.S. brokers, to determine an at-the-market fairness program (the “ATM Program”) that enables Cameco to problem, at its discretion, as much as $500 million (US) (or its Canadian greenback equal) of frequent shares from treasury to the general public on occasion. The ATM Program is established pursuant to a prospectus complement to the Base Shelf Prospectus (the “Canadian ATM Complement”), and a corresponding prospectus complement to the U.S. Registration Assertion (the “U.S. ATM Complement”). The ATM Program will likely be efficient till December 12, 2026, except absolutely utilized or terminated earlier than such date in accordance with the phrases of the Distribution Settlement.
Topic to the phrases of the Distribution Settlement, the amount and timing of distributions beneath the ATM Program, if any, will likely be decided at Cameco’s sole discretion. As frequent shares bought within the ATM Program will likely be distributed on the prevailing market worth on the time of the sale, costs might fluctuate amongst purchasers through the interval of the distribution. Any frequent shares bought within the ATM Program will likely be bought in transactions which can be deemed to be “at-the-market distributions” as outlined in Nationwide Instrument 44-102 – Shelf Distributions, via the Toronto Inventory Change, the NYSE or by another technique permitted by legislation, on the prevailing market worth on the time of sale.
Internet proceeds of the ATM Program, if any, are anticipated to fund improvement alternatives, future acquisitions, reimbursement of indebtedness, and/or different basic company functions.
“At this time, our stability sheet is powerful, and with the return to our tier-one manufacturing run price and price foundation, we count on continued robust money stream era,” stated Grant Isaac, Cameco’s Govt Vice-President and CFO. “And, we’re including to the instruments we have now obtainable to fund future capital necessities, which embrace our working money stream, our present credit score services, new credit score services, and extra capital raised via debt or fairness financings. We imagine having all these monetary instruments in place is prudent, offering us with added flexibility to assist our technique and to self-manage threat into the long run.”
Cameco has filed the Base Shelf Prospectus and the Canadian ATM Complement with the securities regulatory authorities in every of the provinces and territories of Canada, and has filed the U.S. Registration Assertion and the U.S. ATM Complement with the USA Securities and Change Fee (the “SEC”). Earlier than you make investments, it’s best to learn these paperwork and different paperwork Cameco has filed with the securities regulatory authorities in every of the provinces and territories of Canada or the SEC, as relevant, for extra full details about Cameco and the ATM Program. Copies of the Base Shelf Prospectus, the Canadian ATM Complement and the Distribution Settlement can be found freed from cost on SEDAR+ at www.sedarplus.ca , and copies of the U.S. Registration Assertion, the U.S. ATM Complement and the Distribution Settlement can be found freed from cost on EDGAR on the SEC web site at www.sec.gov .
You may additionally get hold of copies of the Base Shelf Prospectus and the Canadian ATM Complement in Canada from: TD Securities Inc., 1625 Tech Avenue, Mississauga, Ontario, L4W 5P5, Consideration: Symcor, NPM, or by phone at 289-360-2009 or by e mail at sdcconfirms@td.com ; CIBC Capital Markets, 161 Bay Road, fifth Ground, Toronto, ON M5J 2S8 or by phone at 1-416-956-6378 or by e mail at Mailbox.CanadianProspectus@cibc.com ; or Scotia Capital Inc., 40 Temperance Road, sixth Ground, Toronto, Ontario M5H 0B4, Consideration: Fairness Capital Markets, or by phone at 416-863-7704, or by e mail at equityprospectus@scotiabank.com . You may additionally get hold of copies of the U.S. Registration Assertion and the U.S. ATM Complement in the USA from: TD Securities (USA) LLC, 1 Vanderbilt Avenue, New York, New York 10017, Consideration: Fairness Capital Markets or by e mail at TD.ECM_Prospectus@tdsecurities.com ; CIBC Capital Markets, 161 Bay Road, fifth Ground, Toronto, ON M5J 2S8 or by phone at 1-416-956-6378 or by e mail at Mailbox.USProspectus@cibc.com ; or Scotia Capital (USA) Inc., 250 Vesey Road, twenty fourth Ground, New York, NY 10281, Consideration: Fairness Capital Markets or by phone at 212-255-6854 or by e mail at us.ecm@scotiabank.com .
No securities regulatory authority has both authorised or disapproved the contents of this press launch. This press launch doesn’t represent a suggestion to promote or the solicitation of a suggestion to purchase, nor shall there be any sale of, any securities in any province, territory, state or jurisdiction wherein such provide, solicitation or sale could be illegal previous to the registration or qualification beneath the securities legal guidelines of any such province, territory, state or jurisdiction.
Warning about forward-looking info
Sure info on this information launch, together with statements concerning potential gross sales of frequent shares via the ATM Program, the anticipated use of the online proceeds of the ATM Program and anticipated continued robust money flows, constitutes “forward-looking info” inside the which means of relevant securities legal guidelines in Canada and the USA, together with the U.S. Non-public Securities Litigation Reform Act of 1995.
Ahead-looking info and statements contain dangers, uncertainties and different components that would trigger precise outcomes to vary materially from these expressed or implied by them. Sentences and phrases containing phrases equivalent to “imagine”, “estimate”, “anticipate”, “plan”, “will”, “intend”, “predict”, “outlook”, “purpose”, “goal”, “forecast”, “challenge”, “scheduled”, “proposed”, “count on”, “potential”, “technique”, and the unfavourable of any of those phrases, or variations of them, or comparable terminology that doesn’t relate strictly to present or historic information, are all indicative of forward-looking info or statements.
Ahead-looking info is essentially primarily based on plenty of opinions, assumptions and estimates that, whereas thought-about affordable by Cameco as of the date of this press launch, are topic to identified and unknown dangers, uncertainties, assumptions and different components which will trigger the precise outcomes, stage of exercise, efficiency or achievements to be materially totally different from these expressed or implied by such forward-looking info, together with however not restricted to the components described in better element within the “Threat Elements” part of Cameco’s present annual info type, the Canadian ATM Complement, the U.S. ATM Complement and in Cameco’s different supplies filed with the Canadian securities regulatory authorities and the SEC on occasion, obtainable at www.sedarplus.ca and www.sec.gov , respectively. These components usually are not supposed to signify a whole listing of the components that would have an effect on Cameco; nonetheless, these components needs to be thought-about rigorously. There could be no assurance that such estimates and assumptions will show to be appropriate. The forward-looking statements contained on this press launch are made as of the date of this press launch, and Cameco expressly disclaims any obligation to replace or alter statements containing any forward-looking info, or the components or assumptions underlying them, whether or not because of new info, future occasions or in any other case, besides as required by legislation.
Profile
Cameco is likely one of the largest international suppliers of the uranium gasoline wanted to energise a clean-air world. Our aggressive place relies on our controlling possession of the world’s largest high-grade reserves and low-cost operations, in addition to important investments throughout the nuclear gasoline cycle, together with possession pursuits in Westinghouse Electrical Firm and World Laser Enrichment. Utilities world wide depend on Cameco to supply international nuclear gasoline options for the era of protected, dependable, carbon-free nuclear energy. Our shares commerce on the Toronto and New York inventory exchanges. Our head workplace is in Saskatoon, Saskatchewan, Canada.
As used on this information launch, the phrases we, us, our, the Firm and Cameco imply Cameco Company and its subsidiaries except in any other case indicated.
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Investor inquiries:
Cory Kos
306-716-6782
cory_kos@cameco.com
Media inquiries:
Veronica Baker
306-385-5541
veronica_baker@cameco.com
