Cameco Announces Election of Directors

Cameco Announces Election of Directors

Cameco (TSX: CCO; NYSE: CCJ) has announced the election of ten board members at its annual meeting held on May 9, 2025.

Shareholders elected board members Daniel Camus, Tammy Cook-Searson, Catherine Gignac, Tim Gitzel, Marie Inkster, Kathryn Jackson, Don Kayne, Peter Kukielski, Dominique Minière and Leontine van Leeuwen-Atkins.

Voting Results for Cameco Directors

Nominee

Votes For

% Votes For

Against

% Votes Against

Catherine Gignac

70,619,061

97.18%

2,049,126

2.82%

Daniel Camus

69,936,962

96.24%

2,731,225

3.76%

Tammy Cook-Searson

72,363,467

99.58%

304,720

0.42%

Tim Gitzel

72,167,157

99.31%

501,030

0.69%

Kathryn Jackson

72,503,876

99.77%

164,311

0.23%

Marie Inkster

71,236,979

98.03%

1,431,208

1.97%

Don Kayne

71,827,240

98.84%

840,947

1.16%

Peter Kukielski

72,192,226

99.35%

475,960

0.65%

Dominique Minière

72,102,629

99.22%

565,558

0.78%

Leontine van Leeuwen-Atkins

71,895,262

98.94%

772,925

1.06%

Profile

Cameco is one of the largest global providers of the uranium fuel needed to power a secure energy future. Our competitive position is based on our controlling ownership of the world's largest high-grade reserves and low-cost operations, as well as significant investments across the nuclear fuel cycle, including ownership interests in Westinghouse Electric Company and Global Laser Enrichment. Utilities around the world rely on Cameco to provide global nuclear fuel solutions for the generation of safe, reliable, carbon-free nuclear power. Our shares trade on the Toronto and New York stock exchanges. Our head office is in Saskatoon, Saskatchewan, Canada.

As used in this news release, the terms we, us, our, the Company and Cameco mean Cameco Corporation and its subsidiaries unless otherwise indicated.

Investor inquiries  
Cory Kos
306-716-6782
cory_kos@cameco.com

Media inquiries  
Veronica Baker
306-385-5541
veronica_baker@cameco.com

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Cameco Corporation

Cameco Corporation

Cameco is one of the world's largest uranium producers. When operating at normal production, the flagship McArthur River mine in Saskatchewan accounts for roughly 50% of output in normal market conditions. Amid years of uranium price weakness, the company has reduced production, instead purchasing from the spot market to meet contracted deliveries. In the long term, Cameco has the ability increase annual uranium production by restarting shut mines and investing in new ones. In addition to its large uranium mining business, Cameco operates uranium conversion and fabrication facilities.

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

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

SE NNEGC Energoatom (Energoatom), Ukraine's state-owned nuclear energy utility, and Cameco Corporation (Cameco) (TSX: CCO; NYSE: CCJ), one of the largest global producers of uranium fuel based in Canada, have reached agreement on commercial terms for a major supply contract for Cameco to provide sufficient volumes of natural uranium hexafluoride, or UF 6 (consisting of uranium and conversion services), to meet Ukraine's full nuclear fuel needs through 2035. Key commercial terms, such as pricing mechanism, volume and tenor, have been agreed to, but the contract is subject to finalization, which is anticipated in the first quarter of 2023.

"Energoatom will keep working on achieving the energy independence of Ukraine. The development of cooperation between companies in the production and supply of nuclear materials and nuclear fuel is one of the most important conditions for the further safe functioning of our domestic nuclear power generation," said Petro Kotin, President of Energoatom.

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

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

Currency: U.S. dollars unless otherwise stated

  • Westinghouse is an industry leader with a strong market position across the nuclear value chain
  • Nuclear power expected to see significant growth driven by energy security and decarbonization trends
  • Acquisition will provide opportunities to generate value and grow the business globally

Cameco Corporation ("Cameco") (NYSE: CCJ; TSX: CCO) and Brookfield Renewable Partners ("Brookfield Renewable") (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC), together with its institutional partners ("the consortium"), are forming a strategic partnership to acquire Westinghouse Electric Company ("Westinghouse"), one of the world's largest nuclear services businesses.

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Baselode Energy

Baselode Intersects Best Drill Hole To Date, 25 Metres From Surface

  • AK22-051 intersected 2,320 cps over 30.1 m starting at 27.0 m drill hole depth, ranks as the best drill hole on the project, and includes six separate intervals of >10,000 cps*
  • AK22-047 intersected 5,229 cps over 7.35 m at 140.65 m , ranks as second-best drill hole on the project, and includes eight separate intervals of >10,000 cps

Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) (" Baselode " or the " Company ") is pleased to provide an update on the ongoing 20,000 metre diamond drilling program (the " Program ") on the ACKIO high-grade uranium discovery (" ACKIO "), Hook project (" Hook "), Athabasca Basin area (the " Basin "), northern Saskatchewan ( see Figure 1 and Table 1 ).

"We continue to hit mineralization at the overburden contact; within 25 m from surface. The mineralization from AK22-051 is the shallowest being drilled in the Basin. This rarity of near-surface mineralization with high levels of radioactivity sets Baselode apart from our peers as there's no other recent discovery this close to surface. Near-surface mineralization has been a key characteristic required for numerous Basin deposits going into production as open pit mines. Holes AK22-051 and AK22-047 are substantially the two best drill holes on ACKIO to date in terms of continuously elevated radioactivity. They also have the highest average levels of radioactivity, and each includes multiple discrete intersections with greater than 10,000 cps. We're excited to see ACKIO grow with near-surface mineralization, including consistently higher levels of radioactivity. AK22-051 remains open in all directions and AK22-047 remains open to the east," said James Sykes , CEO, President and Director of Baselode.

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Canadian Natural Resources Limited Reports Voting Results at Annual and Special Meeting

Canadian Natural held its Annual and Special Meeting of Shareholders on May 8, 2025. The result of the vote by shareholders for each resolution is reported below.

  1. The election of the following nominees as directors of the Corporation for the ensuing year or until their successors are elected or appointed.


Votes ForVotes Withheld
              Catherine M. Best
1,290,773,343105,594,697

92.44 % 7.56 %
              Dr. M. Elizabeth Cannon
1,387,390,9078,977,135

99.36 % 0.64 %
              N. Murray Edwards
1,343,051,98153,316,060

96.18 % 3.82 %
              Christopher L. Fong
1,300,632,88995,735,153

93.14 % 6.86 %
              Ambassador Gordon D. Giffin
1,208,724,484187,643,557

86.56 % 13.44 %
              Wilfred A. Gobert
1,369,762,01126,606,029

98.09 % 1.91 %
              Christine M. Healy
1,384,536,48511,831,556

99.15 % 0.85 %
              Steve W. Laut
1,372,048,18324,319,858

98.26 % 1.74 %
              Honourable Frank J. McKenna
1,340,623,89155,744,149

96.01 % 3.99 %
              Scott G. Stauth
1,380,178,27716,189,765

98.84 % 1.16 %
              David A. Tuer
1,292,282,412104,085,630

92.55 % 7.45 %
              Annette M. Verschuren
1,378,864,27017,503,771

98.75 % 1.25 %


Votes ForVotes Withheld
  1. The appointment of PricewaterhouseCoopers LLP as auditors of the Corporation for the ensuing year and to authorize the Audit Committee of the Board of Directors to fix their remuneration.

1,370,498,43671,323,339

95.05 % 4.95 %


Votes ForVotes Against
  1. The approval of the Corporation's Amended, Compiled and Restated Employee Stock Option Plan and all unallocated stock options pursuant thereto.

1,169,822,162226,545,869

83.78 % 16.22 %


Votes ForVotes Against
  1. On an advisory basis, approval of the Corporation's approach to executive compensation.

1,368,205,20528,162,822

97.98 % 2.02 %

 

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Canadian Natural Resources Limited Announces Quarterly Dividend

Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) announces that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.5875 (fifty-eight and three quarter cents). The dividend will be payable on July 3, 2025 to shareholders of record at the close of business on June 13, 2025.

As previously announced, in March 2025 the Board of Directors increased the quarterly dividend by 4% per common share. Canadian Natural's growing and sustainable dividend demonstrates the confidence that the Board of Directors has in the sustainability of our business model, our strong balance sheet and the strength of our diverse, long life low decline reserves and asset base. The Company's leading track record of growing and sustainable dividend continues, with 2025 being the 25th consecutive year of dividend increases with a compound annual growth rate ("CAGR") of 21% over that time.

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Canadian Natural Resources Limited Announces 2025 First Quarter Results

Canadian Natural's (TSX: CNQ) (NYSE: CNQ) President, Scott Stauth, commented on the Company's Q125 results, "We have a long track record of being an industry leading effective and efficient producer while consistently delivering top tier operational and financial performance. All our employees are shareholders, with a strong focus on continuous improvement, consistently driving strong results. In Q125 we achieved record quarterly production of approximately 1,582,000 BOEd, which included record quarterly liquids production of approximately 1,174,000 bbld, 79% of which was long life low decline production and record quarterly natural gas production of 2,451 MMcfd.

At our world class Oil Sands Mining and Upgrading assets, we achieved record quarterly Synthetic Crude Oil ("SCO") production of approximately 595,000 bbl/d resulting from a high utilization rate of 106% in Q1/25, anchored by industry leading SCO operating costs of $21.88/‍bbl (US$15.25/bbl), which drove significant free cash flow in the quarter. Importantly, in 2024 our annual Oil Sands Mining and Upgrading operating costs were in the range of $7.00/bbl to $10.00/‌bbl lower than our peer average. This equates to incremental annual margin of approximately $1.2 billion to $1.7 billion, based on our 2024 annual production.

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Menel Energy and Resources Limited - News Release Pursuant to: National Instrument 62-103

Menel Energy and Resources Limited - News Release Pursuant to: National Instrument 62-103

Menel Energy and Resources Limited ("Menel") announces that on May 5, 2025, it acquired ownership of 138,710,000 units of securities of GoviEx Uranium Inc. at a price of $0.05 per unit for total consideration of $6,935,500 pursuant to a non-brokered private placement offering. Each unit is comprised of one Class A common share ("Common Share") and one share purchase warrant, with each warrant entitling the holder to purchase one additional Common Share of GoviEx for 24 months at a price of US$0.051 per share.

Prior to participation in the private placement, Menel did not have ownership and control, directly and indirectly, of any securities of GoviEx. Participation in the private placement results in Menel having ownership and control, directly and indirectly, of a total 138,710,000 Common Shares and 138,710,000 share purchase warrants of GoviEx, an increase of approximately 13.56% on a non-diluted basis and 22.51% when assuming exercise of all share purchase warrants held or control by Menel, for a total of approximately 13.56% of the issued and outstanding Common Shares of GoviEx on a non-diluted basis and 22.51% when assuming exercise of all share purchase warrants held or controlled by Menel.

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GoviEx Successfully Closes Upsized $10.5 Million Private Placement Led by Strategic Zambian Group and Supported by GoviEx Insiders

GoviEx Successfully Closes Upsized $10.5 Million Private Placement Led by Strategic Zambian Group and Supported by GoviEx Insiders

GoviEx Uranium Inc. (TSXV: GXU) (OTCQB: GVXXF) ("GoviEx" or the "Company") is pleased to announce the closing of its previously disclosed, upsized private placement offering (the "Offering") for aggregate gross proceeds of approximately $10,470,600 CAD. A total of 209,412,000 Units (the "Units") were sold at a price of $0.05 CAD per Unit (the "Offering Price").

A privately held, multi-sector Zambian investment Group (the "Group") anchored the financing. With interests spanning agriculture, natural-resource and power assets, and financial services, the Group now holds an initial, material equity position in GoviEx, establishing a partnership aligned with the development of the Company's Muntanga Project.

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