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Stock impact report

JV Inkai Restructuring Takes Effect January 1, 2018

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: Marketwire
SASKATOON, SASKATCHEWAN -- (Marketwired) -- 12/11/17 -- Cameco Corporation (Cameco) (TSX:CCO)(NYSE:CCJ) announced that the restructuring of Joint Venture Inkai LLP (JV Inkai) outlined in the implementation agreement dated May 27, 2016 with Joint Stock Company National Atomic Company Kazatomprom (Kazatomprom) and JV Inkai closed today and will take effect on January 1, 2018. This restructuring was subject to obtaining all required government approvals including an amendment to JV Inkai's existing Resource Use Contract with the Republic of Kazakhstan, which have been obtained. "This agreement is positive for Cameco as it secures our access to a large, low-cost production source through 2045," said Tim Gitzel, president and CEO of Cameco. "Production decisions will depend on market conditions and the terms of our Resource Use Contract." The amendment to the Resource Use Contract provides as follows: JV Inkai has the right to increase production Show less Read more
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