Cameco (CCJ) Stock

Toronto, Ontario--(Newsfile Corp. - November 26, 2024) - Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("Purepoint" or the "Company") is pleased to announce the approval of a $1.2 million drilling program at the Smart Lake Joint Venture (JV) Project, marking a significant return to this highly prospective project within the southwestern Athabasca Basin, Saskatchewan, Canada. The Smart Lake JV, jointly owned by Cameco Corporation (73%) and Purepoint (27%), exemplifies Purepoint's strategy of advancing high-potential projects through partnerships with industry leaders.

Nuclear power is making a comeback. Over the past year, 31 nations have signed the Declaration to Triple Nuclear Energy, pledging to triple their nuclear energy capacity by 2050.

Think It's Too Late to Buy Cameco? Here's the Biggest Reason Why There's Still Time.

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Cameco shares have risen despite incurring a third-quarter loss. Let us analyze what stance investors should take on the stock.

SASKATOON, Saskatchewan--(BUSINESS WIRE)--Cameco (TSX: CCO; NYSE: CCJ) reported today that it filed a technical report for the Inkai operation on a voluntary basis under National Instrument 43-101 – Standards of Disclosure of Mineral Projects (“NI 43-101”). The technical report is being filed to provide updated information relating to the Inkai operation and not as a result of a requirement under NI 43-101. The technical report has been posted on our website and SEDAR+ at www.sedarplus.ca and o.

Cameco Corporation reported a non-GAAP EPS of -$0.01 and substantial revenue of $721M, up ~25% YoY, with a positive financial outlook and increased dividend. Operational improvements and the reopening of the McArthur River/Key Lake mine boosted the 2024 production outlook despite supply issues in Kazakhstan. The uranium market is supply side-driven; Cameco's long-term contracts and potential supply disruptions in Kazakhstan could keep uranium prices high, improving CCJ's income years from now.

Cameco Corporation (NYSE:CCJ ) Q3 2024 Earnings Conference Call November 7, 2024 8:00 AM ET Company Participants Tim Gitzel - President, Chief Executive Officer Grant Isaac - Executive VP, Chief Financial Officer Heidi Shockey - Senior VP, Deputy Chief Financial Officer Rachelle Girard - Senior VP, Chief Corporate Officer Cory Kos - Vice President, Investor Relations Conference Call Participants Ralph Profiti - Eight Capital Adam Wijaya - Goldman Sachs Andrew Wong - RBC Capital Markets Alexander Pearce - BMO Capital Markets Lawson Winder - Bank of America Securities Craig Hutchison - TD Cowen Mohamed Sidibé - National Bank Financial Bryce Adams - CIBC Brian MacArthur - Raymond James Gordon Johnson - GLJ Research Operator Thank you for standing by. This is the conference operator.

Big tech's impact on nuclear power stocks has been almost palpable. And while artificial intelligence (AI) data center demands could act as a boon for nuclear power producers and uranium miners for some time, I'd argue that the reason to own nuclear power stocks extends well beyond the AI boom.