Cameco (CCO) AGM 2026 summary

Opening remarks and agenda

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

• Agenda included formal business, voting procedures, and a Q&A session for shareholders.

• Voting instructions and technical guidelines for online participation were provided.

Financial performance review

• Delivered strong financial performance in 2025, building a long-term contract portfolio amid rising nuclear energy demand.

• Repaid the remaining $200 million USD on the term loan, maintaining a strong balance sheet.

• Increased annual dividend to CAD $0.24 per share a year ahead of schedule.

• Navigated production challenges at McArthur River and Key Lake, offset by Cigar Lake's strong performance.

• Fuel Services segment achieved record UF6 production at Port Hope.

Board and executive committee updates

• Board expressed confidence in CEO Tim Gitzel and the senior management team.

• Recognized Daniel Camus for his 15 years of service as director and chair of the Audit and Finance Committee.