17:25:31 EDT Thu 30 Mar 2023
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Cameco Corp
Symbol CCO
Shares Issued 398,317,510
Close 2022-04-13 C$ 39.68
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NP says Cameco sees support grow for nuclear power

2022-04-13 08:54 ET - In the News

The National Post reports in its Wednesday, April 13, edition that last week's federal budget took what some advocates call "baby steps" toward supporting nuclear power, but argue more needs to be done. The Post's Ryan Tumilty writes that the government also announced in the budget funding for a new critical minerals strategy, which could lead to more uranium mining, and expanded the Canada Infrastructure Bank s mandate to allow it to invest in nuclear projects. Canadian Nuclear Association head John Gorman said the industry was pleased to see the Liberals are prepared to help invest. He said: "It clearly indicated that nuclear is going to be an important part of the solution going forward and invested in various segments of the nuclear ecosystem. It is a genuine commitment and I think the industry recognized that." The nuclear association is holding a sold-out conference in Ottawa this week and Mr. Gorman said there is a lot of excitement in the industry. He said they can see there is a clear path for growth from the budget. Mr. Gorman said, "The federal government has recognized that nuclear is going to be needed along with the other clean electricity and energy sources as we go forward."

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