Cameco (CCO) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of Indigenous territories and commitment to meaningful relationships with local communities.

• Agenda and procedures outlined, including time for general questions after formal business.

• Voting instructions and technical guidelines for online participation provided.

Financial performance review

• 2024 saw strong financial performance, increased long-term contracting, and a new production record at McArthur River/Key Lake with 20.3 million packaged pounds.

• Cigar Lake reached a milestone of 150 million pounds produced since commercial start, with mine life extended to 2036 and 73.4 million pounds added to reserves.

• Fuel services division delivered 12.1 million kgU under contract, maintaining strong production.

• Portfolio includes about 220 million pounds of U3O8 and 85 million kgU as UF6.

Board and executive committee updates

• Two new board nominees, Marie Inkster and Peter Kukielski, bring expertise in leadership, finance, and mining.

• Board praised for engagement and commitment; senior leadership recognized for integrity and industry experience.