CAMECO CORP
For the period ended Dec 31, 2025. Filed Mar 19, 2026.
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The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.
FY2025 · Filed Mar 19, 2026
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CCJ$71.30+4.3%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · Major developments
Major developments
| 2023 | 2024 | 2025 |
| March • We sign a major supply contract to provide sufficient volumes of natural uranium hexafluoride, or UF6 (consisting of uranium and conversion services), to meet Ukraine’s full nuclear fuel needs through 2035. • CRA issues revised assessments for the 2007 through 2013 tax years, which result in a refund of $297 million, consisting of $86 million in cash and $211 million in letters of credit, which are returned in the second quarter. CRA continued to hold $483 million that we had remitted or secured based on prior reassessments CRA had issued in our longstanding tax dispute. November • We announce that the acquisition of Westinghouse in a strategic partnership with Brookfield closed on November 7, 2023. | May • We issue $500 million of debentures, bearing interest at 4.94%, maturing in 2031. June • We redeem $500 million of debentures, bearing interest at 4.19%, maturing in June 2024. December • 2024 packaged production of 20.3 million pounds (100% basis) of U3O8 sets both a new annual production record for the Key Lake mill, as well as a new world record for annual production from any uranium mill. | October • We, alongside Brookfield, enter into a strategic partnership with the US Government which is expected to accelerate the global deployment of Westinghouse nuclear reactors in the US. This collaboration provides for the US Government to arrange financing and facilitate the permitting and approvals for new Westinghouse nuclear reactors to be built in the US, with an aggregate investment value of at least US$80 billion. |
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