Cigar Lake Mine

Cameco Provides Production and Market Update

Retrieved on: 
Sunday, September 3, 2023
Other Energy, Mining, Minerals, Utilities, Energy, Natural Resources, Nuclear, Maintenance, Uranium, McArthur, CCO, Person, Movement, Investment, NI, Risk, TSX, News, NYSE, Uranium mining, Cigar Lake Mine, Key Lake mine, Cameco, U3O8, McArthur River

Cameco (TSX: CCO; NYSE: CCJ) provided a market update today regarding challenges at the Cigar Lake mine and Key Lake mill that are expected to impact our 2023 production forecast.

Key Points: 
  • Cameco (TSX: CCO; NYSE: CCJ) provided a market update today regarding challenges at the Cigar Lake mine and Key Lake mill that are expected to impact our 2023 production forecast.
  • We maintain the flexibility to source material through various means beyond production if required, including increasing our market purchases, pulling forward long-term purchases, using inventory or borrowing product.
  • We will provide an update when we better understand the implications these production challenges may have on market dynamics.
  • Cameco will not necessarily update this information unless required by securities laws.

Uranium Energy Corp Appoints James Hatley as Vice President Production, Canada

Retrieved on: 
Thursday, May 18, 2023
Millennium Project, Athabasca University, UEC, TRS, Uranium, Athabasca Basin, PMP, EDGAR, CORPUS, Project Management Professional, Business administration, Voisey, Johnston County Career and Technical Leadership Academy, SEDAR, Project, Knowledge, Security (finance), Master of Business Administration, NYSE, Rio Tinto, Athabasca, Cameco, Mining, Oil, Cigar Lake Mine, McArthur River

CORPUS CHRISTI, Texas, May 18, 2023 /PRNewswire/ - Uranium Energy Corp (NYSE American: UEC) (the "Company" or "UEC") is pleased to announce the appointment of James Hatley as UEC's Vice President Production, Canada.

Key Points: 
  • CORPUS CHRISTI, Texas, May 18, 2023 /PRNewswire/ - Uranium Energy Corp (NYSE American: UEC) (the "Company" or "UEC") is pleased to announce the appointment of James Hatley as UEC's Vice President Production, Canada.
  • James Hatley has 25-years of mining experience including uranium and base metals mine development, construction, and operations.
  • Prior to Vale, James was the senior VP of Project Development at NexGen Energy and consulted overseas for Saudi Aramco.
  • James Hatley, VP Production, Canada, stated: "I am delighted to join UEC and spearhead the development of the Canadian project pipeline into operations.

Cameco announces 2022 results; strong market fundamentals captured in record long-term contracting of 80 million pounds uranium and 17 million kgU of conversion services; disciplined return to tier-one run rate with exposure to improving prices

Retrieved on: 
Thursday, February 9, 2023
Natural Resources, Energy, Nuclear, Mining, Minerals, Other Energy, CCO, Brookfield Renewable Partners, Energoatom, TSX, Port Hope, Investment, Nuclear energy, NYSE, Uranium, Acquisition, Brookfield, SE, International Financial Reporting Standards, KAP, Growth, McArthur, International, Heart, Partnership, JV, Westinghouse Electric Company, UF6, Uranium mining, Renewable energy, Kazatomprom, McArthur River, Cigar Lake Mine, Westinghouse, Cameco, Inkai Uranium Project

As a proven, reliable, independent, commercial supplier of nuclear fuels, Cameco is positioned to benefit from these fundamentals.

Key Points: 
  • As a proven, reliable, independent, commercial supplier of nuclear fuels, Cameco is positioned to benefit from these fundamentals.
  • In 2022, we were successful in contracting 80 million pounds of uranium and 17 million kgU of conversion services, with a record number of contracts signed in a market that has strengthened and is in durable growth mode.
  • “We continue to believe that Cameco remains the best way to invest in the recovery of the uranium market.
  • “We have had success capturing the improving market fundamentals with a record number of contracts signed.

Fission Hires Environment and Regulatory Expert to Lead Environmental Assessment Process

Retrieved on: 
Monday, January 23, 2023
Safety, Mining, Health, Environmental manager, PLS, Environment, Environmental issues, Environmental impact assessment, Environmental impact statement, Science, Uranium mining, Cigar Lake Mine, Cameco, Fission

Mr. Pryznyk is an environment, health and safety professional with two decades of experience working in Saskatchewan, including 15 years in mining.

Key Points: 
  • Mr. Pryznyk is an environment, health and safety professional with two decades of experience working in Saskatchewan, including 15 years in mining.
  • Much of that experience was gained working for uranium producer, Cameco, where he held positions in environmental management and regulatory affairs at Cigar Lake mine during construction and operation.
  • In this important role, Mr. Pryznyk will lead Fission's Environmental Assessment process, the submission of the Environmental Impact Statement, and the subsequent licensing and permitting of the project through to construction and production.
  • Mr. Pryznyk will be an excellent addition to the Fission technical team as we continue through environmental assessment and permitting phase of development at PLS and beyond."

Denison Announces Completion of Wheeler River EIS Conformity Review and Commencement of Technical Review

Retrieved on: 
Tuesday, November 29, 2022
Environmental issues, Athabasca Basin, Indigenous, Legislation, Mine, Wheeler, ISR, SEDAR, Risk, CIM, Branches of botany, IRR, CEAA, MOE, Comment, Regulatory affairs, CNSC, Metallurgy, NPV, Environmental impact assessment, Guideline, Ministry of Oil and Mineral Reserves (Syria), NI, Resource management, Canadian Nuclear Safety Commission, Canadian Environmental Assessment Act, News, NYSE, PFS, FFT, Mineral, EDGAR, Elliot Lake, Millennium, THT, TSX, Disclosure, Canadian Institute of Mining, Metallurgy and Petroleum, Multimedia, DNN, EIS, EA, Uranium, Griffin, Person, Medical device, Risk management, Cryptocurrency, Property management, Oil, McClean Lake mine, JCU, Project, Petroleum, Environment, Husky, Phoenix, Cigar Lake Mine

Denison isalsopleased to report that the federal technical review of the EIS, which is being completed under the provisions of the Canadian Environmental Assessment Act, 2012 ("CEAA 2012"), has now commenced.

Key Points: 
  • Denison isalsopleased to report that the federal technical review of the EIS, which is being completed under the provisions of the Canadian Environmental Assessment Act, 2012 ("CEAA 2012"), has now commenced.
  • The technical review process ensures the EIS (and supporting documents) containscomplete and sufficient information and that Denison's analysis of potential effects is performed correctly.
  • The regulatory review process is expected to involve further requests for information/clarification from Denison before the final EIS is accepted by the regulatory agencies.
  • Denison has an effective 95% ownership interest in Wheeler River (90% directly, and 5% indirectly through a 50% ownership in JCU).

Denison Announces Significant Regulatory Milestone for Wheeler River with Submission of Environmental Impact Statement

Retrieved on: 
Wednesday, October 26, 2022
Environmental impact assessment, EA, Mine, NPV, Regulatory affairs, FFT, Legislation, Branches of botany, CEO, SEDAR, Elliot Lake, Phrase, Internal rate of return, Canadian Environmental Assessment Act, News, PFS, Technical report, IRR, NYSE, Wheeler, Internal ratings-based approach (credit risk), Technical, Company, Guideline, Industry, EDGAR, Disclosure, Ownership, Environmental issues, TSX, CNSC, Millennium, Multimedia, Resource management, DNN, Griffin, THT, Risk, EIS, Athabasca Basin, Person, Health, ISR, NI, Forward-looking statement, MOE, Uranium, Cryptocurrency, Oil, Risk management, Security (finance), McClean Lake mine, Cigar Lake Mine, Phoenix, Husky, Project, Indigenous, JCU

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Key Points: 
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    David Cates, Denison's President & CEO, commented,"Canada is an environmentally conscious nation with rigorous federal and provincial environmental protection regimes.
  • Through the process of assessing potential environmental impacts, it becameapparent that our Project has the potential to achieve a superior standard of environmental sustainability.
  • The review process is expected to involvefurther requests for information/clarification from Denison before the final EIS is accepted by the regulatory agencies.
  • Denison has an effective 95% ownership interest in Wheeler River (90% directly, and 5% indirectly through a 50% ownership in JCU).

Denison Announces Exploration Agreement with the Ya'thi Néné Lands and Resources Office, the Athabasca Nations, and Communities of the Nuhenéné

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Thursday, October 20, 2022
News, Camsell, First Nations, TSX, NYSE, Athabasca Basin, Millennium, People's Policy Project, Mine, Athabasca, Multimedia, Risk, JCU, Company, Legislation, Intention, CEO, Elliot Lake, Phrase, Environment, DNN, Exploration, Ownership, THT, Camsell Portage, Policy, Oil, Risk management, Husky, McClean Lake mine, Cigar Lake Mine

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Key Points: 
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    The Exploration Agreement expresses the parties' intention to build a long-term relationshipbetween Denison and the YNLR, Athabasca Nations,and Athabasca Communities.
  • This Exploration Agreement will provide certainty to our Basin communities that there will be meaningful engagement on proposed projects and monitoring of exploration activities to ensure the environment and all Treaty Rights arerespected.
  • Through this cooperative approach, Denison is able to obtain consent for its exploration and evaluation activities within the Nuhenn.
  • Denison is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada.

Cameco provides preliminary third quarter operating update

Retrieved on: 
Tuesday, October 11, 2022
Caspian, News, SEC, Mission statement, TSX, Person, NYSE, McArthur, Contract, UF6, Private Securities Litigation Reform Act, Trans-Caspian Gas Pipeline, Acquisition, CCO, Company, KGU, Phrase, GLOBE, NI, Public utility, Failure, Ownership, Uranium, Oil, Risk management, Cameco, McArthur River, Cigar Lake Mine

SASKATOON, Saskatchewan, Oct. 11, 2022 (GLOBE NEWSWIRE) -- Cameco (TSX: CCO; NYSE: CCJ) today is providing preliminary operating results for its third quarter ended September 30, 2022.

Key Points: 
  • SASKATOON, Saskatchewan, Oct. 11, 2022 (GLOBE NEWSWIRE) -- Cameco (TSX: CCO; NYSE: CCJ) today is providing preliminary operating results for its third quarter ended September 30, 2022.
  • Production in our uranium segment for the quarter ended September 30, 2022, is expected to be 2 million pounds (our share) from Cigar Lake.
  • All projected financial information in this press release is preliminary, as financial close procedures for the third quarter are not yet complete.
  • As used in this news release, the terms we, us, our, the Company and Cameco mean Cameco Corporation and its subsidiaries unless otherwise indicated.

Cameco Announces Second Quarter Results, Continued Disciplined Execution of Strategy; Well-Positioned as Multi-Asset Nuclear Fuel Supplier Across the Fuel Cycle

Retrieved on: 
Wednesday, July 27, 2022
Automotive, Mining, Minerals, Alternative Energy, Natural Resources, Energy, Alternative Vehicles, Fuels, Nuclear, Caspian, TSX, Investment, Uranium, Maintenance, CEO, NYSE, Trans-Caspian Gas Pipeline, Electricity, International Financial Reporting Standards, Workforce, Ownership, UF6, Weather, News, IFRS, Policy, Mining, McArthur, CCO, Cigar, Â, Overalls, International, Contract, Automation, Renewable energy, Fine chemical, Construction, Bank, Kazatomprom, Cigar Lake Mine, McArthur River, Key Lake mine, Cameco

Additionally, we are focusing our efforts on capturing conversion business as conversion prices are at record-highs.

Key Points: 
  • Additionally, we are focusing our efforts on capturing conversion business as conversion prices are at record-highs.
  • Discipline that balances delivering low-cost pounds into committed sales contracts and maintaining unencumbered supply for future years, by preserving our tier-one assets.
  • We have adjusted our schedule to accommodate these delays and anticipate first production will be deferred to later in the fourth quarter.
  • In our fuel services segment average realized prices were 8% higher than in the second quarter of 2021.

Transaction Increasing Cameco’s Ownership Stake in Cigar Lake Closes

Retrieved on: 
Thursday, May 19, 2022
Other Natural Resources, Other Energy, Mining, Minerals, Energy, Natural Resources, Nuclear, News, CCO, Ownership, TSX, Idemitsu Kosan, Acquisition, NYSE, Cameco, Uranium, Cigar Lake Mine

Camecos 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 Oranos interest is 40.453%, an increase of 3.353 percentage points from its previous share.

Key Points: 
  • Camecos 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 Oranos interest is 40.453%, an increase of 3.353 percentage points from its previous share.
  • For more information regarding this transaction, please see Camecos May 10, 2022 news release announcing the acquisition.
  • 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 worlds largest high-grade reserves and low-cost operations.