Cameco Corporation announced the filing of a short form base shelf prospectus with Canadian securities regulatory authorities and a corresponding shelf registration statement with the U.S. SEC. These filings enable Cameco to offer various securities, including common shares, preferred shares, warrants, subscription receipts, debt securities, and units, with an aggregate offering price of up to $2 billion (US) over the next 25 months.
Concurrently, Cameco established an at-the-market (ATM) equity program, allowing the company to issue up to $500 million (US) of common shares from treasury to the public. This ATM Program will be effective until December 12, 2026, unless fully utilized or terminated earlier.
The net proceeds from any offerings under these programs are intended to fund development opportunities, future acquisitions, repayment of indebtedness, and other general corporate purposes. Grant Isaac, Cameco’s Executive Vice-President and CFO, stated that these financial tools provide added flexibility to support the company's strategy and self-manage risk, building on a strong balance sheet and expected continued strong cash flow generation.
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