Forward-looking statement
Statements contained in this document which are not historical facts are forward-looking statements
that involve risks, uncertainties and other factors that could
cause actual results to differ materially from those expressed
or implied by such forward-looking statements. Factors that
could cause such differences, without limiting the generality
of the following, include: volatility and sensitivity to market
prices for uranium, electricity in Ontario and gold; the impact
of the sales volume of uranium, conversion services, electricity
generated and gold; competition; the impact of change in foreign
currency exchange rates and interest rates; imprecision in
reserve estimates; environmental and safety risks including
increased regulatory burdens; unexpected geological or hydrological
conditions; adverse mining conditions; political risks arising
from operating in certain developing countries; a possible
deterioration in political support for nuclear energy; changes
in government regulations and policies, including trade laws
and policies; demand for nuclear power; replacement of production
and failure to obtain necessary permits and approvals from
government authorities; legislative and regulatory initiatives
regarding deregulation, regulation or restructuring of the
electric utility industry in Ontario; Ontario electricity
rate regulations; weather and other natural phenomena; ability
to maintain and further improve positive labour relations;
operating performance of the facilities; success of planned
development projects; and other development and operating
risks.
Although Cameco believes that the assumptions
inherent in the forward-looking statements are reasonable,
undue reliance should not be placed on these statements, which
only apply as of the date of this document. Cameco disclaims
any intention or obligation to update or revise any forward-looking
statement, whether as a result of new information, future
events or otherwise.
