Cameco renews at-the-market equity program for up to USD 1 billion
CCJ•Cameco renewed its at-the-market equity program to issue up to USD 1 billion, or the Canadian dollar equivalent, in common shares. Sales may continue through December 5, 2029, and proceeds may fund development opportunities, acquisitions, debt repayment or general corporate purposes.
1. Equity program
Cameco renewed its at-the-market equity program, allowing it to issue up to USD 1 billion, or the Canadian dollar equivalent, in common shares. TD Securities, CIBC and Scotia Capital affiliates are named as agents. Cameco may sell shares at prevailing market prices at its discretion through December 5, 2029, unless the program is fully used or terminated earlier.
2. Potential proceeds
Net proceeds are expected to fund development opportunities, acquisitions, debt repayment or general corporate purposes. Separate shelf filings permit securities offerings totaling up to USD 3 billion, or the equivalent, over 37 months.
