12:23:19 EDT Fri 02 Jun 2023
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or Name

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Cameco Corp
Symbol CCO
Shares Issued 398,289,260
Close 2022-03-25 C$ 35.84
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FP/wire say Cameco could fill gaps in uranium supply

2022-03-25 09:01 ET - In the News

The Financial Post reports in its Friday edition that buyers scrambling for supplies of potash and uranium are looking to Canada to fill gaps caused by Russia's attack on Ukraine. A Bloomberg dispatch to the Post reports that Canada has been approached by buyers looking for potash and uranium, said federal Natural Resources Minister Jonathan Wilkinson. Canada is one of the world's main sources for potash and uranium, and buyers are looking to secure supplies after Russia's invasion of Ukraine has disrupted trade flows. Potash, a commonly used fertilizer, and uranium have been swept up in the global commodities rally after Russia's invasion of Ukraine. Russia is a major source of uranium and a low-cost high-volume global producer for all major fertilizers. Disruptions in the potash trade will mean higher costs for farmers across the globe and in turn, more food inflation. North America's largest miner is Cameco. The producer told Bloomberg earlier this month that its production plans remain unchanged from what it announced in February. However, Cameco also said it is in a "very strong position" to offer power companies an alternative uranium source and conversion feedstock if sanctions affect Russian supply.

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