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Stock impact report

Cameco Responds to the US Department of Commerce Initiation of a Section 232 Investigation into Uranium Imports

Cameco Corporation (CCJ) 
Last cameco corporation earnings: 5/1 07:00 am Check Earnings Report
US:NYSE Investor Relations: cameco.com/invest
Company Research Source: GlobeNewswire
SASKATOON, Saskatchewan, July 18, 2018 (GLOBE NEWSWIRE) -- Cameco (TSX:CCO) (NYSE:CCJ) today responded to the decision by the United States Department of Commerce (DOC) to launch an investigation into whether the quantity and circumstances of foreign uranium imports into the US threaten to impair national security. The announcement by Commerce Secretary Wilbur Ross triggers an investigation that could take up to 270 days to complete. A report will then be provided to the President of the United States containing the DOC’s findings and recommendations, if warranted. The President then has up to 90 days to decide whether to concur with the DOC findings and what actions, if any, will be taken in response. “It’s too early to speculate on what effect this investigation could have on Cameco or our Canadian and US operations,” Cameco’s President and CEO Tim Gitzel said. “We will need to see what the investigation finds, if any trade action is recommended, and what specific remedies might Show less Read more
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