Cameco renews at-the-market equity program for up to US$1 billion
CCJ•Cameco renewed its at-the-market equity program to issue up to US$1 billion, or its Canadian dollar equivalent, in common shares. The program runs until December 5, 2029, and proceeds may fund development opportunities, acquisitions, debt repayment or other corporate purposes.
1. Program terms
Cameco’s November 5, 2026, equity distribution agreement replaces its terminated November 12, 2024, agreement. Shares may be sold at prevailing market prices, with timing and volume at Cameco’s sole discretion.
2. Use of proceeds
The program ends December 5, 2029, unless fully utilized or terminated earlier. Net proceeds are expected to fund development opportunities, acquisitions, debt repayment or other general corporate purposes.
