05:54:05 EDT Fri 31 Mar 2023
Enter Symbol
or Name

Login ID:
Cameco Corp
Symbol CCO
Shares Issued 432,498,087
Close 2022-10-25 C$ 33.40
Recent Sedar Documents

Globe says Cameco, rival hear small reactor on its way

2022-10-26 07:33 ET - In the News

Also Use of Proceeds (C-DML) Denison Mines Corp

The Globe and Mail reports in its Wednesday, Oct. 26, edition that the federal government plans to provide nearly $1-billion in debt financing toward the construction of a commercial small modular reactor (SMR) -- which will be a first in Canada and among the first built worldwide. The Globe's Matthew McClearn writes that the Canada Infrastructure Bank announced Tuesday it will provide a low-interest loan of $970-million for an SMR at Ontario Power Generation's Darlington Nuclear Generation Station in Clarington, Ont. Infrastructure Bank chief executive officer Ehren Cory declined to disclose the loan's interest rate, but characterized it as his organization's largest-ever investment in clean power. Mr. Cory added that the government's objective was "getting this project launched as quickly as possible, and showing the role that nuclear can play as part of that overall clean solution." OPG officials said Tuesday the reactor will begin supplying power to Ontario's grid in 2028. The government hopes success at Darlington will spur new SMR projects in Saskatchewan, New Brunswick and Alberta.

© 2023 Canjex Publishing Ltd. All rights reserved.