Cameco renews focus on ‘clean air transition’ in third financial quarter

Cameco renews focus on ‘clean air transition’ in third financial quarter

Cameco president and CEO Tim Gitzel. Photo courtesy of Cameco Saskatoon-based uranium company Cameco reported its third quarter financial results with a focus on “continued execution” of its “strategy to support global clean-air transition.”

Cameco President and CEO Tim Gitzel said the company will do that by responding to the “growing need for uranium” to generate “safe, clean, reliable, and affordable” electricity.

“Sustainability is at the heart of what we do,” Gitzel said.

“Embedded in all our decisions is a commitment to addressing the environmental, social and governance risks and opportunities that we believe will make our business sustainable over the long term.”Gitzel called the recent increase in uranium spot prices – about 46% since the end of June – a “welcome development” that demonstrates demand from junior uranium companies.“Increasing uranium prices are positive for us. Over time, the market exposure in our contract portfolio will pick up the benefit of rising […]

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