Transaction Increasing Cameco’s Ownership Stake in Cigar Lake Closes
TSX: CCO w e b s i t e : cameco.com
NYSE: CCJ currency: Cdn (unless noted)
2121 – 11th Street West, Saskatoon, Saskatchewan, S7M 1J3 Canada
Tel: 306-956-6200 Fax: 306-956-6201
Transaction Increasing Cameco’s Ownership Stake in Cigar Lake Closes
Saskatoon, Saskatchewan, Canada, May 19, 2022 . . . . . . . . . . . . .
Cameco (TSX: CCO; NYSE: CCJ) announced that the acquisition of Idemitsu Canada
Resources Ltd.’s (Idemitsu) 7.875% participating interest in the Cigar Lake Joint Venture by
Cameco and Orano Canada Inc. (Orano) closed today.
Cameco’s ownership stake in the Cigar Lake uranium mine in northern Saskatchewan now
stands at 54.547%, 4.522 percentage points higher than it was prior to the transaction, while
Orano’s interest is 40.453%, an increase of 3.353 percentage points from its previous share.
TEPCO Resources Inc. retains the remaining 5% interest in the property.
For more information regarding this transaction, please see Cameco’s May 10, 2022 news
release announcing the acquisition.
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.
- End -
Investor inquiries:
Leah Hipperson
306-385-5524
Media inquiries:
Jeff Hryhoriw
306-385-5221