Northern Saskatchewan Operations Update
Article content
SASKATOON, Saskatchewan — Cameco (TSX: CCO; NYSE: CCJ) is continuing its operations at its northern Saskatchewan sites amidst wildfires that are impacting parts of the province.
Article content
Currently, there are no fires in the vicinity of Cameco's operations at Cigar Lake, Key Lake, McArthur River and Rabbit Lake. There is no risk to our sites, and they remain safe for staff. Orano's McClean Lake mill remains operational.
Article content
We are managing some temporary disruptions due to wildfires impacting power and communication services to our operations. Road closures have also impeded some deliveries to sites.
Article content
Most importantly, Cameco has many employees who are from northern communities threatened by wildfires or under evacuation orders. We are accommodating their requests to leave site to tend to family and provide aid to their home communities.
Article content
As our sites continue to operate, the safety of our staff is our top priority. We are taking measures to minimize the impact of the disruptions, including making operational adjustments as we manage the availability of employees. At this time, our annual production target remains unchanged.
Article content
Caution about forward-looking information
Article content
This news release includes statements and information about our expectations for the future, which we refer to as forward-looking information. Forward-looking information is based on our current views, which can change significantly, and actual results and events may be significantly different from what we currently expect. Examples of forward-looking information in this news release include: the proximity of wildfires to Cameco's operations; risks of wildfires to our sites and the safety of our staff; temporary disruptions to power, communications systems and roads due to wildfires; accommodation of employee requests to leave site to tend to family and provide aid to their home communities; operational adjustments; and annual production targets. Material risks that could lead to different results include: spread of wildfires to the vicinity of our operations; increased disruptions to power, communication services and road access due to wildfires; increased employee requests to leave site due to wildfires; the risk that we may not be able to achieve planned production levels within the expected timeframes, or that the costs involved in doing so exceed our expectations; risks related to JV Inkai's development or production, including the risk that JV Inkai is unable to transport and deliver its production; and the risks to our business associated with potential production disruptions, including those related to wildfires, global supply chain disruptions, global economic uncertainty, political volatility, labour relations issues, and operating risks. In presenting the forward-looking information, we have made material assumptions which may prove incorrect about: the spread of wildfires; our production, purchases, sales, deliveries and costs; the market conditions and other factors upon which we have based our future plans and forecasts; Inkai production and, our allocation of planned production and timing of deliveries; the success of our plans and strategies, including planned production; the absence of new and adverse government regulations, policies or decisions; that there will not be any significant adverse consequences to our business resulting from production disruptions, including those relating to wildfires, supply disruptions, economic or political uncertainty and volatility, labour relation issues, aging infrastructure, and operating risks. Please also review the discussion in our 2024 annual MD&A and most recent annual information form for other material risks that could cause actual results to differ significantly from our current expectations, and other material assumptions we have made. Forward-looking information is designed to help you understand management's current views of our near-term and longer-term prospects, and it may not be appropriate for other purposes. We will not necessarily update this information unless we are required to by securities laws.
Article content
Profile
Article content
Cameco is one of the largest global providers of the uranium fuel needed to power a secure energy future. Our competitive position is based on our controlling ownership of the world's largest high-grade reserves and low-cost operations, as well as significant investments across the nuclear fuel cycle, including ownership interests in Westinghouse Electric Company and Global Laser Enrichment. Utilities around the world rely on Cameco to provide global nuclear fuel solutions for the generation of safe, reliable, carbon-free nuclear power. Our shares trade on the Toronto and New York stock exchanges. Our head office is in Saskatoon, Saskatchewan, Canada.
Article content
Article content
Article content
Article content
Article content
Cory Kos
Article content
Article content
306-716-6782
Article content
Article content
Article content
Article content
Article content
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CBC
an hour ago
- CBC
Tataskweyak wildfire evacuees in Thompson 'meeting place' hoping to reconnect with family all over
Social Sharing Grace Beardy's youngest child was born in Takaskweyak Cree Nation on May 19, Victoria Day. Ten days later, power in the community was out. The boy was about two weeks old when he became an evacuee. "It was sad, especially going through postpartum and carrying the little one," Beardy said Wednesday. "I was alone out there with him for four days, until my sister came." Tataskweyak, also known as Split Lake, declared a state of emergency on May 29, with a wildfire only about a kilometre away from the northern Manitoba First Nation. Beardy and her three children were among the more than 2,400 Tataskweyak residents forced to leave their homes because of the fire. Northern Manitoba evacuees frustrated with lack of resources, information 4 hours ago Duration 2:33 Many evacuees fleeing wildfires in northern Manitoba say they're feeling a mix of emotions, from confusion and frustration to exhaustion. Over the past week, 2,400 residents of Tataskweyak Cree Nation were forced from their homes, and many are now trying to find refuge wherever they can. "There was buses coming in and they were just loading people up," said Melanie Spence, who was in Thompson for a day trip as the evacuation began. "People were kind of hesitant to go," she said. "They didn't know how big the fire was going to be there. They were hoping that it [would] be put out every day. We've never seen anything like this." PR 280 connecting the community to Thompson on the west and Gillam to the east is the only road servicing Tataskweyak. The road was closed off last week because of the fire. With the way home blocked off, Spence decided to help evacuees who ended up in Thompson, which is about a 100 kilometres southwest of the community, as the crow flies. She's been directing people to the city's Wawatay Inn, which is owned by Tataskweyak and usually serves people coming for medical appointments. "It's the closest thing to home," she said. "They serve food here. So I figured, well, this will be … the meeting place." Duke Beardy, an economic development officer with the First Nation, said the facility is open to evacuees from Tataskweyak as well as other communities. "There's people from Lynn Lake here too, and Nelson House too.… If there's room, then they stay here too," he said. But with only 18 rooms, space at the inn is limited. 'It's been chaos' Sylvia Saunders said about seven people in her party — including a baby and a toddler — were staying in the same room at the inn as of Wednesday. "It's been chaos for everybody here. Still a lot of people don't have rooms," Saunders said. "I did manage to fit everyone in there and to try and have a comfortable sleep." Saunders said people have resorted to sleeping in couches at the inn's lobby because of the lack of rooms. Edwin Beardy said the situation is already stressful enough. "It's frustrating as well as sad because of family, … they're all over," he said. "From what I'm hearing, my family, some of them are in Gillam, some of them in Winnipeg and a few are in Niagara Falls…. It's hard." Grace Beardy, who was also staying at the inn as of Wednesday, said she was waiting to connect with family who ended up in Winnipeg. Leaving the community "was cold and sad," she said. "But I couldn't be sad in front of my kids. I had to stay strong." The fire at Tataskweyak was about 21,000 hectares as of the latest provincial fire bulletin Friday.
CTV News
an hour ago
- CTV News
‘It's hope for our people': Sacred ribstones returned home to Siksika Nation
More than 100 people gathered at Blackfoot Crossing Historical Park for a repatriation event involving the return of two sacred items called ribstones. Two artifacts are back home at Siksika Nation after being removed more than a century ago. More than 100 people gathered at Blackfoot Crossing Historical Park (BCHP) for a repatriation event celebrating the return of two sacred ribstones with ceremonial drumming, dancing and storytelling. 'With them coming back, it's a sign of good renewal, I think,' said Megan Jerry, a museum tech with BCHP, where the ribstones are now placed. Siksika Nation says reclaiming pieces of their culture is important to healing and revitalizing their traditions. 'It offers a form of spiritual healing to our people,' said Lynden Many Heads, a cultural programmer at BCHP. Experts say the large ceremonial rocks were important landmarks for the nomadic Blackfoot people for centuries. 'We put these all up when we went east as far as the buffalo, especially if we had a successful kill, let's say, and we were able to get our stores for the winter and we knew we were going to survive and were going to make it to the next year, we would give thanks to the creator,' said Grant Many Heads, senior interpreter and education cultural programmer at BCHP. They say one stone was removed in the late 1800s, the other in the early 1900s, and the artifacts eventually ended up at the Canadian Museum of History. A delegation from Siksika was invited to Ottawa in February for ceremonies before the ribstones were returned. It was Elder Duane Many Shots' first time on a plane and a special journey. 'We welcomed them to come back home where they belong,' he said. The ribstones are not the first and likely not the last items to come home. Over the past two years, Siksika members say they brought back items including a headdress and war shirt from England and are working with other museums to repatriate more artifacts. 'It's not going to happen overnight, but they are coming back home, and it's hope for our people,' said Elder Gabriella Many Shots, who was part of the delegation that flew to Ottawa. Elders Duane and Gabriella Many Shots with two sacred ribstones that are back home at Siksika Nation after being removed more than a century ago. Members of Siksika Nation hope the event promotes better understanding with the wider community about what was lost and how to move forward. 'I understand they could be tough conversations for some people in the community, but these are things that we would like to change and promote and help educate people throughout Canada and Alberta,' said Lynden. 'I think it's important that we not only attend these and observe them but really embody them in our journeys into everyday life,' said Jae Barker from Calgary, who attended the event with her nine-year-old daughter, Amaya.
CBC
2 hours ago
- CBC
Company that worked on ArriveCan app barred from government contracts for 7 years
Ottawa says it has banned the largest contractor that worked on the ArriveCan app from entering into contracts or real property agreements with the government for seven years. Public Services and Procurement Canada has announced that GC Strategies Inc. has been deemed "ineligible" after an assessment of the supplier's conduct. Last year, the department suspended the security status of GC Strategies, which the auditor general says was awarded more than $19 million for the project. That move followed an earlier decision to suspend the company from procurement processes within the department. The government also barred two other companies that contributed to the ArriveCan project, Dalian Enterprises and Coradix Technology Consulting, from participating in procurement opportunities. The federal government launched the app in April 2020 as a way to track health and contact information for people entering Canada during the COVID-19 pandemic, as well as to digitize customs and immigration declarations. A report by Canada's Auditor General Karen Hogan found the government's record-keeping was poor and its reliance on outside contractors allowed the cost of the project to balloon to $60 million. The first ArriveCan contract was initially valued at just $2.35 million. On Tuesday, Hogan is set to deliver an audit focusing on whether the contracts awarded and the payments made to GC Strategies and other incorporated companies were "in accordance with applicable policy instruments" and were good value for money. Public Services and Procurement Canada says the government continues to take action to "strengthen the integrity of the procurement process." The Canadian Press has reached out to GC Strategies and to Public Services and Procurement Canada for comment. GC Strategies partner Kristian Firth was ordered to appear before the bar of the House of Commons last year after refusing to answer questions at a committee hearing. Firth was grilled by MPs for two hours, though Liberals opted out of questioning after a doctor's note provided to the clerk of the House recommended that he not appear because of mental-health issues. GC Strategies did not develop or manage the ArriveCan app, but it was tasked by the federal government to assemble a team to complete some parts of the project.
