Cameco( TSX: CCO; NYSE: CCJ) reported at present that it filed a technical report for the Inkai operation on a voluntary foundation below Nationwide Instrument 43-101 Requirements of Disclosure of Mineral Initiatives (“NI 43-101”). The technical report is being filed to offer up to date data regarding the Inkai operation and never on account of a requirement below 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 should not a part of this press launch and should 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 US Securities and Change Fee below the Multijurisdictional Disclosure System (File No. 333-283140) (the “U.S. Registration Assertion”). These filings enable Cameco to make choices of frequent shares, most popular shares, warrants, subscription receipts, debt securities and models or any mixture thereof, having an combination providing worth of as much as $2 billion (US) (or its equal in one other foreign money) through the subsequent 25 months in Canada and the US. The precise phrases of any providing of securities can 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 permits Cameco to concern, at its discretion, as much as $500 million (US) (or its Canadian greenback equal) of frequent shares from treasury to the general public sometimes. 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 can 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 quantity and timing of distributions below the ATM Program, if any, can be decided at Cameco’s sole discretion. As frequent shares offered within the ATM Program can be distributed on the prevailing market worth on the time of the sale, costs might range amongst purchasers through the interval of the distribution. Any frequent shares offered within the ATM Program can be offered in transactions which are deemed to be “at-the-market distributions” as outlined in Nationwide Instrument 44-102 – Shelf Distributions, by means of the Toronto Inventory Change, the NYSE or by every other technique permitted by legislation, on the prevailing market worth on the time of sale.
Web proceeds of the ATM Program, if any, are anticipated to fund improvement alternatives, future acquisitions, compensation of indebtedness, and/or different common company functions.
“As we speak, our steadiness sheet is powerful, and with the return to our tier-one manufacturing run price and price foundation, we anticipate continued robust money stream technology,” stated Grant Isaac, Cameco’s Government Vice-President and CFO. “And, we’re including to the instruments now we have out there to fund future capital necessities, which embrace our working money stream, our present credit score amenities, new credit score amenities, and extra capital raised by means of debt or fairness financings. We consider having all these monetary instruments in place is prudent, offering us with added flexibility to help our technique and to self-manage danger into the longer term.”
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 US Securities and Change Fee (the “SEC”). Earlier than you make investments, it is 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 might also receive 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 Avenue, fifth Flooring, 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 Avenue, sixth Flooring, Toronto, Ontario M5H 0B4, Consideration: Fairness Capital Markets, or by phone at 416-863-7704, or by e-mail at equityprospectus@scotiabank.com . You might also receive copies of the U.S. Registration Assertion and the U.S. ATM Complement in the US 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 Avenue, fifth Flooring, 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 Avenue, twenty fourth Flooring, 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 authorized 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 supply, solicitation or sale can be illegal previous to the registration or qualification below the securities legal guidelines of any such province, territory, state or jurisdiction.
Warning about forward-looking data
Sure data on this information launch, together with statements concerning potential gross sales of frequent shares by means of the ATM Program, the anticipated use of the web proceeds of the ATM Program and anticipated continued robust money flows, constitutes “forward-looking data” throughout the that means of relevant securities legal guidelines in Canada and the US, together with the U.S. Non-public Securities Litigation Reform Act of 1995.
Ahead-looking data and statements contain dangers, uncertainties and different elements that would trigger precise outcomes to vary materially from these expressed or implied by them. Sentences and phrases containing phrases corresponding to “consider”, “estimate”, “anticipate”, “plan”, “will”, “intend”, “predict”, “outlook”, “objective”, “goal”, “forecast”, “mission”, “scheduled”, “proposed”, “anticipate”, “potential”, “technique”, and the detrimental of any of those phrases, or variations of them, or comparable terminology that doesn’t relate strictly to present or historic details, are all indicative of forward-looking data or statements.
Ahead-looking data is essentially based mostly on plenty of opinions, assumptions and estimates that, whereas thought of affordable by Cameco as of the date of this press launch, are topic to identified and unknown dangers, uncertainties, assumptions and different elements which will trigger the precise outcomes, degree of exercise, efficiency or achievements to be materially completely different from these expressed or implied by such forward-looking data, together with however not restricted to the elements described in higher element within the “Threat Components” part of Cameco’s present annual data 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 sometimes, out there at www.sedarplus.ca and www.sec.gov , respectively. These elements should not supposed to characterize an entire checklist of the elements that would have an effect on Cameco; nonetheless, these elements must be thought of rigorously. There might 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 data, or the elements or assumptions underlying them, whether or not on account of new data, future occasions or in any other case, besides as required by legislation.
Profile
Cameco is among the largest world 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 vital investments throughout the nuclear gasoline cycle, together with possession pursuits in Westinghouse Electrical Firm and World Laser Enrichment. Utilities around the globe depend on Cameco to offer world nuclear gasoline options for the technology of secure, 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
