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Cameco Ord Shs T.CCO

Alternate Symbol(s):  CCJ

Cameco Corporation is engaged in providing uranium fuel to generate clean, reliable baseload electricity around the globe. The Company also offers nuclear fuel processing services, refinery services and manufactures fuel assemblies and reactor components. Its segments include uranium, fuel services and Westinghouse. The uranium segment is involved in the exploration for, mining, milling, purchase and sale of uranium concentrate. The fuel services segment is involved in the refining, conversion and fabrication of uranium concentrate and the purchase and sale of conversion services. The Westinghouse segment is engaged in the nuclear services businesses. Its uranium projects include Millennium, Yeelirrie, and Kintyre. The Cree Extension-Millennium project is a Cameco-operated joint venture located in the southeastern portion of Canada's Athabasca Basin. The Yeelirrie deposit is located approximately 650-kilometer (Km) northeast of Perth and about 750 km south of its Kintyre project.


TSX:CCO - Post by User

Post by spurwing2on Mar 01, 2022 8:57am
256 Views
Post# 34470478

France will build 14 more Nuclear Stations:

France will build 14 more Nuclear Stations:

Uranium futures were trading above $48 per pound, a mark not seen in over four months, and closing on its highest level since September 2021 amid an upbeat global outlook for nuclear energy following the Russian invasion of Ukraine. The outbreak of war in eastern Europe and the impact of sanctions could reshape the energy transition debate, particularly in Europe, given the region's high dependency on Russian energy commodities. President Emmanuel Macron said that France would construct as many as fourteen new nuclear power to reduce its energy consumption while increasing its carbon-free energy production capacity. Germany is set to follow the trend into alternative and renewable energies and has already signalled that it might consider keeping its nuclear plants online. On the supply side, Cameco has announced plans to restart uranium production at McArthur River/Key Lake, idled since 2018, as the market strengthens.

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