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The Canadian Nuclear Safety Commission (CNSC) has granted a 20-year renewal of its Fuel Facility Operating Licence to Cameco Fuel Manufacturing (CFM) at Port Hope in Ontario. This will allow CFM to operate until 28 February 2043 during which it will have to undergo a comprehensive mid-point (10-year) review of its operations as well as a yearly regulatory oversight report meeting and compliance verification activities.

Date: Wednesday, 25 January 2023
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The Canadian Nuclear Safety Commission (CNSC)'s authorisation of the 20-year renewal of Cameco Fuel Manufacturing's (CFM) operating licence for the facility at Port Hope in Ontario also includes an increase to the plant's annual production limit.

Date: Friday, 20 January 2023
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Ukraine war has not led to restrictions on supply, says state company Kazatomprom The shipment was of uranium Kazatomprom owns through a joint venture with Canadian uranium miner Cameco. Courtesy Kazatomprom. Kazakhstan has completed a first shipment of uranium to Canada using an alternative route that does not cross Russian territory.

State nuclear company Kazatomprom, the world’s largest producer and seller of natural uranium, said the shipment was of uranium it owns with the Inkai joint venture with Canadian uranium miner Cameco.

The Trans-Caspian International Transport Route was originally developed in 2018 to mitigate the risk should the usual primary route via St Petersburg in Russia be unavailable.

The alternative route was developed because the Port of St Petersburg was temporarily unavailable to some categories of nuclear material when the city was to host football matches as part of the 2018 World Cup.

Date: Thursday, 22 December 2022
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The first uranium ore from the McArthur River mine has now been milled and packaged at the Key Lake mill, marking the achievement of initial production as the facilities transition back into normal operations.

Date: Friday, 11 November 2022
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In a wide ranging interview for the World Nuclear News podcast, Cameco CEO Tim Gitzel explained: Why the time was right for the Westinghouse deal How Russia's war with Ukraine has led to 'bifurcation' of the nuclear sector Explained Cameco's long-term strategy Looks ahead at the impact of new technologies, including SMRs How nuclear will need to play a key role in getting to net-zero

Date: Wednesday, 09 November 2022
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The Canadian Nuclear Safety Commission (CNSC) has amended Cameco's waste facility operating licence for the decommissioned Beaverlodge mine and mill site in northern Saskatchewan as the company prepares for the transfer of 18 properties at the legacy site to provincial control.

Date: Friday, 16 September 2022
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Nuclear provides ‘security and independence’, says CEO Tim Gitzel A tunnel at Cameco’s Cigar Lake uranium mine in Saskatchewan. Courtesy Cameco. The president and chief executive officer of Canadian uranium company Cameco – which this week announced higher-than-expected core profit amid increases in uranium prices – has warned of “too much focus” on intermittent renewables and dependence on energy supplies from Russia.

Tim Gitzel said the move to intermittent, weather dependent, renewable energy, has left some jurisdictions struggling with power shortages and spiking energy prices, or dependence on Russia.

“We are benefiting from higher average realised prices in both our uranium sales and our fuel services sales as the market continues to transition and geopolitics continue to highlight concentration of supply concerns,” Mr Gitzel said.

“The good news for us is that many are turning to nuclear – which provides safe, reliable, affordable, carbon-free baseload electricity while also offering energy security and independence.”

Date: Saturday, 30 July 2022
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Purchase could give access to additional 6.9 million pounds of U308 Cameco will pay CAD107m to acquire the stake in Cigar Lake. Courtesy Cameco. Canadian uranium company Cameco and Orano group subsidiary Orano Canada have reached an agreement with Idemitsu Canada Resources to acquire its share in the world’s highest-grade uranium mine, Cigar Lake, in northern Saskatchewan, Canada.

Following the agreement, Cameco’s interest in the Cigar Lake Joint Venture company, which owns Cigar Lake, will increase by just over 4.5 percentage points to around 54.5%. Orano’s stake will increase by 3.3 percentage points to just over 40%. The remaining shareholder, Japan’s Tepco Resources, a Canada-based subsidiary of Tokyo Electric Power Company, will retain its 5% interest.

Cameco will pay approximately CAD107m ($82m, €78m) to acquire the stake in Cigar Lake from Idemitsu. This may be adjusted at the closing of the transaction, which is expected in the second quarter of 2022.

Date: Thursday, 12 May 2022
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Cameco and Orano announced they have reached agreement with Idemitsu Canada Resources Ltd to acquire Idemitsu's 7.875% stake in the Cigar Lake Joint Venture, owner of the Cigar Lake uranium mine in northern Saskatchewan, Canada.

Date: Thursday, 12 May 2022
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Cameco has announced plans to restart uranium production at McArthur River/Key Lake, idled since 2018. The company plans to ramp up production at the operation in northern Saskatchewan to produce 15 million pounds U3O8 (5770 tU) per year starting in 2024, but aims to maintain "supply discipline", reducing production at Cigar Lake to 25% below its licensed capacity.

Date: Thursday, 10 February 2022
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