Cameco Evacuating Cigar Lake as a Precaution due to Wildfire
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2121 – 11th Street West, Saskatoon, Saskatchewan, S7M 1J3 Canada
Tel: 306-956-6200 Fax: 306-956-6201
Cameco Evacuating Cigar Lake as a Precaution due to Wildfire
Saskatoon, Saskatchewan, Canada, July 1, 2021
Cameco (TSX: CCO; NYSE: CCJ) has made the decision to evacuate all non -essential personnel
from the Cigar Lake uranium mine in northern Saskatchewan.
The action is being taken as a precaution due to the proximity of a northern wildfire that is
currently burning in the vicinity of the operation. The situation is complicated by extremely
warm, dry weather, resulting from the heat dome that has settled over western Canada in recent
days, along with variable wind and smoke conditions .
Production at Cigar Lake has been temporarily suspended. Approximately 2 30 workers are being
transported off site. Roughly 80 essential personnel will remain on site to maintain the facility in
a safe state. Should the wildfire threat grow considerably at site, a plan is in place to ensure their
safety.
A number of precautions have been implemented at Cigar Lake to limit the risk posed by the
wildfire. Cameco is working closely with provincial wildfire management personnel from the
Saskatchewan Public Safety Agency , who are on-site assessing the situation on an ongoing basis.
The decision to evacuate the operation was made in conjunction with these officials.
Profile
Cameco is one of the largest global providers of the uranium fuel needed to energize a clean-air
world. Our competitive position is based on our controlling ownership of the world’s largest
high-grade reserves and low-cost operations. Utilities around the world rely on our nuclear fuel
products to generate power in safe, reliable, carbon-free nuclear reactors. Our shares trade on the
Toronto and New York stock exchanges. Our head office is in Saskatoon, Saskatchewan.
Caution Regarding Forward-Looking Information and Statements
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 statements regarding our expectations that the suspension will be tem porary,
that essential personnel will remain on site to maintain the facility in a safe state and that we will
be able to ensure their safety. Material risks that could lead to different results include the risks
that the suspension may extend for longer t han we expect, and that we may not be able to
maintain a safe state or ensure the safety of the personnel remaining on site. In presenting this
forward-looking information, we have made assumptions which may prove incorrect, including
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assumptions regarding the duration of the suspension, our ability to maintain the facility in a safe
state, and our ability to ensure the safety of personnel. 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.
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Investor inquiries:
Rachelle Girard
306-956-6403
Media inquiries:
Jeff Hryhoriw
306-385-5221