16:49:47 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Cameco Corp
Symbol CCO
Shares Issued 433,308,237
Close 2023-08-04 C$ 44.85
Market Cap C$ 19,433,874,429
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Globe says first nations do well by Cameco, rival

2023-08-08 07:53 ET - In the News

The Globe and Mail reports in its Tuesday, Aug. 8, edition that first nations and Metis want in on the modern-day gold rush for critical minerals. The Globe's guest columnist Ken Coates writes that Saskatchewan has nurtured one of the world's more receptive mining environments, as evidenced by its successful potash and uranium mines. The business community is technologically sophisticated and highly responsive, and several properties -- particularly those run by Cameco and Areva in Northern Saskatchewan -- maintain impressive collaboration with regional first nations and Metis communities. However, now a potential political storm looms there, with indigenous people and their leaders saying that the transfer of control over natural resources via the 1930 Natural Resources Transfer Act ignored treaty rights and other legitimate indigenous interests. Indigenous leaders want more than "token" jobs. They want in on mineral development, and on their terms. They want full life-cycle engagement, from permits through approvals to operations; they want investments in the companies and projects themselves, and legitimate financial returns. First nations and Metis leaders have made clear that their expectations are immovable.

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