CCJ

Cameco Corporation is one of the world's largest uranium producers, engaged in the exploration, mining, milling, and refining of uranium concentrate for sale to nuclear power utilities. The company operates uranium mines and processing facilities primarily in Saskatchewan, Canada, and Kazakhstan, producing uranium used as fuel for nuclear power generation globally. Cameco also provides nuclear fuel conversion and fabrication services through its partnership interests. Founded in 1988 and headquartered in Saskatoon, Saskatchewan, Cameco controls significant high-grade uranium reserves and long-life mining operations. The company faced challenging uranium markets following the 2011 Fukushima nuclear accident, which caused spot uranium prices to collapse and led to mine suspensions. Uranium markets have strengthened significantly with growing recognition of nuclear power's role in decarbonization, supply constraints, and geopolitical concerns regarding Russian uranium. Cameco has restarted previously idled production and benefits from rising long-term uranium prices. The company faces operational challenges, regulatory requirements, cost inflation, and nuclear industry uncertainties. Cameco is positioned to benefit from nuclear energy growth as clean baseload power.