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March 31, 2014
05:35 EDTCCJCameco ends toll-conversion agreement with Springfields Fuels
Cameco announced that it will end its toll-conversion agreement with Springfields Fuels, or SFL, effective December 31. In 2005, Cameco signed a 10-year toll-conversion agreement to process up to 5 million kilograms of uranium annually at the Springfields conversion facility in Lancashire, United Kingdom. The Springfields facility receives uranium trioxide, or UO3, from Cameco's Blind River uranium refinery and converts it to uranium hexafluoride, or UF6, which is required to produce fuel for light water reactors. Cameco delivers the UF6 to its own customers around the world. The toll-conversion agreement was set to expire in 2016. Cameco has agreed to pay $18M to SFL to permit early termination of the agreement. Production for Cameco at the Springfields facility will cease by August 31. Cameco expects to receive a maximum of 3,731 tonnes of uranium as UF6 from Springfields in 2014.
News For CCJ From The Last 14 Days
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November 10, 2014
11:24 EDTCCJCameco volatility increases on sharp rally
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11:12 EDTCCJUranium stocks rally after Japan approves reactor restart
Stocks of companies involved with the production, exploration and extraction of uranium are higher after the Kagoshima prefecture approved the restart of the Sendai nuclear power plant in Satsumasendai, Japan. The restart, which is slated to happen next year, will be the first restart since the meltdown at the Fukushima facility in 2011. WHAT'S NOTABLE. According to a BBC report, before the Fukushima incident 30% of Japan's power was nuclear-generated. Japan's Prime Minister Shinzo Abe has argued that the nuclear shutdown is hurting Japan's economy, as it has forced Japan to import expensive fossil fuels to make up the power shortfall. STOCKS TO WATCH. Shares rising following the news include Denison Mines (DNN), which is up over 6%, Uranerz Energy(URZ), up 14%, Cameco (CCJ), up almost 2%, UR-Energy (URG), up almost 14%, Uranium Energy (UEC), up 7%, Energy Fuels (UUUU), up 11% and Uranium Resources (URRE), which is up 19% in late morning trading.

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