History

2023

Cameco and Brookfield Complete Acquisition of Westinghouse Electric Company


Cameco Marks Uranium Supply Agreement with China Nuclear International Corporation


Cameco to Provide UF6 to Support Bulgaria’s Diversification Efforts


Cameco and Bruce Power Celebrate Extension of Long-Term Arrangements for Nuclear Fuel Through 2040


Cameco to Receive Substantial Refund of $300 Million from Canada Revenue Agency


Cameco and Energoatom Agree on Commercial Terms to Supply Ukraine’s Full Natural UF6 Needs through 2035


2022

Cameco Produces First Packaged Pounds Following McArthur River/Key Lake Restart


Cameco Signs Uranium Supply Agreement with China Nuclear International Corporation


Cameco Announces Closing of US$747.6 Million Bought Deal Offering of Common Shares


Cameco and Brookfield Renewable Form Strategic Partnership to Acquire Westinghouse Electric Company


Cameco Announces US$650 Million Bought Deal Offering of Common Shares


Cameco Increases Ownership Stake in Cigar Lake Mine


2021

Cameco Sells Shares of UEX Corporation


Cameco Pleased as Supreme Court Dismisses CRA Leave to Appeal


Cameco Increases Interest in Global Laser Enrichment


Responding to the COVID-19 Pandemic


2020

Canada Revenue Agency Seeks Leave to Appeal Federal Court of Appeal Decision


Cameco Pleased as Federal Court of Appeal Unanimously Upholds Tax Court Decision


Mining Association of Canada recognizes Cameco with its “Towards Sustainable Mining” award for extraordinary environmental and community engagement achievements


Canadian Institute of Mining recognizes Cameco’s Cigar Lake Mine with it’s third consecutive John T. Ryan Regional Safety Award


Responding to the COVID-19 Pandemic


2019

Arbitration Tribunal Rules in Favour of Cameco Inc. in TEPCO Contract Dispute


Cameco Pleased with Section 232 Decision on U.S. Uranium Imports


Cameco Step Up for Mental Health raises $400,000 for 21 mental health projects in Saskatchewan


Canadian Institute of Mining recognizes Cameco’s Cigar Lake Mine with John T. Ryan Regional Safety Award


Tax Court of Canada Releases Decision on Cameco Cost Application


2018

Canada Revenue Agency appeals Tax Court of Canada decision


Tax Court of Canada rules in favour of Cameco


Cameco suspends production at McArthur River/Key Lake indefinitely


Cameco awarded contract for Bruce Power major component project


Cameco's Board appoints new Chair


JV Inkai Restructuring Takes Effect January 1, 2018


2017

Cameco to suspend production from McArthur River and Key Lake Operations and reduce its dividend


Lac La Ronge Indian Band and Cameco Sign Collaboration Agreement


Cameco to Play Key Role in Bruce Power Life Extension Program


Cameco Announces Senior Management Changes and Election of Directors


Cameco Receives 10-year Operating License for Port Hope Conversion Facility from CNSC


Cameco Rejects TEPCO's Uranium Contract Termination Notice


2016

Athabasca Basin Communities Renew Partnership with the Uranium Mining Industry


Cameco and Kazatomprom Sign Agreement to Restructure JV Inkai


Cameco Wins Third Consecutive National Mining Safety Award


Cameco Announces Operational Changes in Saskatchewan and the United States


New Legacy Fund Shares Benefits from Uranium Mining with Northern Communities


Cameco Named on Top 100 List for most Sustainable Corporations in the World


2015

Cigar Lake Achieves Production Milestone


Cameco and Areva officially mark the grand opening of Cigar Lake on September 23rd


Cameco achieves commercial production at Cigar Lake


McArthur River recognized for exceptional safety performance


Cameco announces contract with India


2014

Cameco recognized for outstanding safety performance.


Cameco ends toll-conversion agreement with Springfields Fuels Ltd.


Cameco announces start of ore production at Cigar Lake mine.


Cameco announces agreement to sell its interest in Bruce Power.


2013

Neil McMillan named to succeed Victor J. Zaleschuk as chair of Cameco's board of directors.


For the fourth consecutive year, Cameco is recognized as a top Canadian employer with multiple awards.


Cigar Lake receives operating licence.


Cameco starts production from North Butte uranium mine.


2012

Cameco announces the completion of the acquisition of the Yeelirrie uranium project in Western Australia.


Cameco completes the agreement with AREVA Resources Canada Inc. (AREVA) to purchase AREVA's 27.94% interest in the Millennium project.


Cameco announces it has signed an agreement with Advent International to purchase NUKEM Energy GmbH (NUKEM).


Cameco announces breakthrough of second shaft at Cigar Lake


2011

Cameco announces that agreements have been signed with the owners of the Cigar Lake project and McClean Lake mill to process all Cigar Lake ore at McClean Lake.


Tim Gitzel is appointed chief executive officer of Cameco.


Cameco has signed two agreements to buy uranium produced at the Sotkamo nickel-zinc mine in eastern Finland owned by the Talvivaara Mining Company Plc. (LSE: TALV).


2010

Cameco signs two key uranium supply agreements with China Guangdong Nuclear Power and China Nuclear Energy Industry Corporation for a total commitment of 52 million pounds of uranium concentrate.


Started the main processing plant at the Inkai minesite in Kazakhstan.


McArthur River mine was awarded the John T. Ryan National Safety Trophy for the best safety performance in the metal mine category in 2009. The Cigar Lake project was also recognized with a Special Award Certificate for outstanding safety performance in 2009.


Cameco has assisted in dismantling thousands of nuclear warheads through the "megatons to megawatts" program.


2009

Cameco announces completion of Centerra common share sale.


Cameco completes its public offering of $500 million principal amount 5.67% Senior Unsecured Debentures, Series D.


Cameco receives gross proceeds of approximately $460 million from bought deal public offering of common shares.


2008

Cameco acquires a 70% interest in the Kintyre uranium exploration project in Western Australia.


Cameco enters the enrichment business through an agreement with GE Hitachi Nuclear Energy to acquire a 24% interest in Global Laser Enrichment.


2007

Cameco forms new strategic alliances with junior uranium companies to maximize opportunities to participate in development of new deposits, including Western Uranium Corporation.


Cameco signs a non-binding memorandum of understanding with Kazatomprom to co-operate on the development of uranium conversion capacity and to pursue additional uranium production.


2006

Cameco acquires a 100% interest in Zircatec Precision Industries, Inc. Zircatec's primary business is manufacturing nuclear fuel bundles and other components for Candu reactors.


Cameco's Crow Butte Resources and Smith Ranch-Highland operations both receive ISO 14001:2004 certification.


Cameco announces a two-for-one share split.


2005

Cameco negotiates a toll-processing agreement with British Nuclear Fuels plc (BNFL) to secure 5 million kgU of additional conversion services from BNFL's Springfields plant in the United Kingdom.


2004

Cameco creates Centerra Gold and consolidates gold assets.


Cameco announces development of uranium mine at Inkai, Kazakhstan.


Cameco decides to proceed with construction of a new mine at Cigar Lake in northern Saskatchewan.


Cameco announces a three-for-one share split and increases its annual cash dividend.


2003

Cameco receives ISO 14001 Certification for McArthur River and Cigar Lake.


Gerald Grandey is appointed chief executive officer of Cameco.


Cameco appoints Victor Zaleschuk as the new board chair.


2002

All of Cameco's common shares are publicly traded after the government of Saskatchewan sells its remaining 10% ownership in February.


Cameco increases its stake in Bruce Power to 31.6%.


2001

Cameco expands its interest in the nuclear industry by acquiring 15% of Bruce Power, the limited partnership formed to lease the Bruce reactors in Ontario.


Cameco announces that reserves at McArthur River increased by more than 50%.


The McArthur River/Key Lake uranium operations achieve full production of 18 million pounds.


2000

The McArthur River mine achieves commercial production in November 2000 and becomes the world's largest high-grade uranium mine.


1999

Cameco signs an agreement for the purchase of natural uranium derived from highly enriched uranium (HEU) contained in dismantled Russian nuclear weapons.


Cameco sells a 14% interest in McArthur River and 17% in Key Lake to Cogema Resources Inc. Cameco begins mining at McArthur River, the world's largest high-grade uranium mine.


1998

Cameco acquires Canadian-based Uranerz Exploration and Mining Limited and Uranerz U.S.A., Inc., increasing its reserves and resources and production levels by about 30%


1997

Kumtor gold operation in Kyrgyzstan, Central Asia, owned one-third by Cameco, achieves commercial production


1996

Cameco shares begin trading on the New York Stock Exchange


Cameco Gold is formed as a subsidiary of Cameco to conduct the company's gold business


Cameco purchases Power Resources, Inc., the largest uranium producer in the United States, increasing its reserves and resources by 10%.


1991

Cameco completes its initial public offering and shares begin trading on the Toronto and Montreal stock exchanges


1990

Cameco sells a one-third interest in the Rabbit Lake operation to Uranerz Exploration and Mining Limited in order to reduce debt.


1988

Cameco is created by the merger of two Crown corporations—Saskatchewan Mining Development Corporation and Eldorado Nuclear Limited.