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Ukrainian nuclear utility Energoatom and Canada’s Cameco have signed an agreement finalising implementation of the programme to export all of Ukraine's uranium production for processing in Canada to produce fuel for Ukraine’s NPPs. This came during a visit to Canada by Energoatom President Petro Kotin, who had signed the original contracts in London in March.

Date: Wednesday, 19 April 2023
Original article: neimagazine.com/news/newsukraine-energoatom-and-cameco-finalise-uranium-agreement-10769622

Agreement covers nine reactors at three sites The agreement was signed by Energoatom president Petro Kotin (left) and Cameco president and chief executive officer Tim Gitzel. Canada-based Cameco and Ukraine’s state-owned nuclear operator Energoatom have signed the last agreement needed for a programme to export all of Ukraine’s uranium production for processing in Canada to produce fuel for Ukrainian nuclear power plants.

The agreement was signed in Canada on 11 April by Energoatom president Petro Kotin and Cameco president and chief executive officer Tim Gitzel.

agreement will run from 2024, with all deliveries to Ukraine in the form of natural uranium hexafluoride (UF6). Cameco said the contract will contain “a required degree of flexibility”, given present circumstances in Ukraine.

The agreement will see Cameco supply 100% of Energoatom’s UF6 requirements – consisting of uranium and conversion services – for the nine nuclear units at its Rovno (four units), Khmelnitski (two units) and South Ukraine (three units) nuclear power plants for the duration of the contract.

Date: Saturday, 15 April 2023
Original article: nucnet.org/news/cameco-and-energoatom-finalise-deal-on-nuclear-fuel-supply-4-5-2023

Cameco and Energoatom have signed the last agreement needed for the implementation of a programme to export all of Ukraine's uranium production for processing in Canada to produce fuel for Ukrainian nuclear power plants.

Date: Friday, 14 April 2023
Original article: world-nuclear-news.org/Articles/Cameco,-Energoatom-fuel-deal-implemented

The President of Ukrainian nuclear utility, Energoatom, Petro Kotin has signed contracts in London with Tim Gitzel, President of Canada’s Cameco to extend agreements on fuel supplies. The signing ceremony was attended by the Minister of Energy of Ukraine Herman Halushchenko (online); the High Commissioner of Canada to the UK, Ralph Goodale; and the Ambassador of Ukraine to the UK, Vadym Prystaiko.

Date: Thursday, 23 March 2023
Original article: neimagazine.com/news/newsukraines-energoatom-signs-agreements-with-cameco-for-fuel-supplies-10694716

Ukrainian nuclear utility Energoatom and Canada’s Cameco Corporation have agreed the commercial terms for a major uranium supply contract. Cameco will provide sufficient volumes of natural uranium hexafluoride (UF6) (including uranium and conversion services), to meet Ukraine’s nuclear fuel needs until 2035. Finalisation of the 12-year contract is anticipated in the first quarter of 2023 although key commercial terms, such as pricing mechanism, volume and tenor, have already been agreed.

Date: Wednesday, 15 February 2023
Original article: neimagazine.com/news/newscameco-signs-major-uranium-supply-deal-with-ukraine-10593236

2022 has been a "transformative" year for the company, CEO Tim Gitzel said, with record long-term contracting, the resumption of production at McArthur River and Key Lake, an increase in its ownership of Cigar Lake and its joint acquisition of Westinghouse. The company reported net earnings of CAD89 million (USD66.5 million) for the year.

Date: Saturday, 11 February 2023
Original article: world-nuclear-news.org/Articles/Cameco-reaps-benefits-of-best-ever-fuel-market-fun

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
Original article: world-nuclear-news.org/Articles/First-production-from-restarted-Canadian-operation

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
Original article: nucnet.org/news/cameco-and-orano-increase-ownership-in-cigar-lake-uranium-mine-5-3-2022

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
Original article: world-nuclear-news.org/Articles/Idemitsu-exits-Cigar-Lake-joint-venture

The Canadian Nuclear Safety Commission (CNSC) has amended the uranium mine and mill licence held by Orano Canada Inc allowing it to expand the JEB tailings management facility (TMF) at McClean Lake.

Date: Wednesday, 19 January 2022
Original article: world-nuclear-news.org/Articles/Regulator-authorises-expansion-of-Canadian-mill-ta