Cameco to receive refund of $300M from Canada Revenue Agency

Cameco announced that Canada Revenue Agency has issued revised reassessments for the 2007 through 2013 tax years that will result in the company being refunded a total of approximately $300M, consisting of $89M in cash and $211M in letters of credit, which we previously remitted to the Government of Canada based on prior reassessments CRA had issued in our long-standing tax dispute. Timing of the refund is yet to be determined.