Cameco establishes at-the-market program
On November 12, 2024, Cameco Corporation ("Cameco") entered into an equity distribution agreement (the "Distribution Agreement") with TD Securities Inc., CIBC World Markets Inc., and Scotia Capital Inc. as Canadian agents, and TD Securities (USA) LLC, CIBC World Markets Corp., and Scotia Capital (USA) Inc. as U.S. agents, to establish an at-the-market equity program (the "ATM Program"). The ATM Program allows Cameco to issue, at its discretion, up to US$500 million (or its Canadian dollar equivalent) of common shares from treasury to the public from time to time.
The ATM Program is established pursuant to a prospectus supplement to Cameco's short form base shelf prospectus, and a corresponding prospectus supplement to the shelf registration statement on Form F-10 filed with the United States Securities and Exchange Commission under the Multijurisdictional Disclosure System. The ATM Program will be effective until December 12, 2026, unless fully utilized or terminated earlier in accordance with the terms of the Distribution Agreement.
Headquartered in Saskatoon, Saskatchewan, Cameco is one of the world’s largest providers of the uranium needed to generate clean, reliable baseload electricity globally.
McCarthy Tétrault advised Cameco with a team led by Andrew Parker, including Suzie Cusson, Lama Kahiel, Angela Lizotte, Michael Eldridge, Jackson Virgin-Holland (Securities), Stefanie Morand, Kabir Jamal, and Camille Belanger (Tax).
