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Cameco Corporation operates within the “Other” sector classification and was established through the merger of Eldorado Nuclear Limited and the Saskatchewan Mining Development Corporation.
Headquartered in Saskatoon, in the province of Saskatchewan, Canada, the organization focuses on uranium mining and supply. Its initial purpose was to consolidate infrastructure, technology and uranium-producing assets into a single integrated entity capable of competing in the international nuclear-fuel market.
The company was formed in 1988 with participation from the Canadian government, aiming to unify the country’s uranium assets and strengthen Canada’s position as one of the world’s leading producers of this strategic input for nuclear energy generation.
Core products include natural uranium, uranium concentrate (U3O8) and uranium-conversion services for use in nuclear reactors. Its operations span exploration, mining, processing and commercial distribution to nuclear-energy sector clients.
Its market footprint is predominantly international, with sales to countries such as the United States, Canada, Japan, China and various European nations. Cameco supplies primarily nuclear-utility companies and businesses involved in electricity generation, maintaining a position among the world’s leading uranium suppliers.
Key market factors include the rising global demand for low-carbon energy sources, which has increased interest in nuclear power. However, uranium-price volatility, environmental and safety regulations and competition from renewable sources directly influence the company’s operations and financial performance.
The operational structure comprises uranium mines in Canada and Kazakhstan, as well as conversion facilities and sales offices across multiple continents. Administrative headquarters remain in Saskatoon, and operations are fully integrated, covering mineral exploration, underground and open-pit mining and chemical-conversion activities.
History and foundation
Founded in 1988 in Saskatoon, Canada, Cameco Corporation emerged from the merger of Eldorado Nuclear Limited and the Saskatchewan Mining Development Corporation, consolidating strategic uranium operations and assets under a unified structure aligned with Canadian government interests.
Throughout the 1990s, the company expanded into international markets, securing its position as one of the world’s leading uranium suppliers. In the early 2000s, Cameco increased production capacity through investment in new mines and uranium-conversion technologies.
In 1996, the company completed its initial public offering (IPO) on the Toronto Stock Exchange (TSX), broadening its shareholder base. Beginning in 2001, its shares were also listed on the Nasdaq under the ticker CCJ, improving access for international investors.
Between 2020 and 2024, Cameco experienced a significant increase in global uranium demand, driven by a shift toward low-carbon energy sources and national energy-transition policies. The company also updated its sustainability commitments and announced initiatives aimed at reducing operational emissions and enhancing safety across its production facilities.
Additional Information
The Company Cameco Corp (United States), is listed on Nasdaq with a market cap of $ 39.63 Billions, having an equity of $ 4.90 Billions.
The Company is listedthe in the sector of Others and categorized in industry of Others.
In the last 12 months the Company had a revenue of $ 2.47 Billions, which generated a loss in the amount of $ 378.36 Millions.
As for its main indicators, the Company has a P/E ratio of 104.73, a P/BV ratio of 8.08 and in the last 12 months the dividend yield of CCJ was at 0.13%.
The Company is traded internationally through the ticker CCJ.
