Business Summary

Cameco Corporation is an integrated uranium supplier, offering refining, conversion, and fuel manufacturing services. The Company operates two segments: uranium and fuel services. The uranium segment involves the exploration for, mining, milling, purchase, and sale of uranium concentrate. The fuel services segment involves the refining, conversion and fabrication of uranium concentrate and the purchase and sale of conversion services. The Company also provides nuclear fuel processing services. Its uranium projects include Millennium, Yeelirrie, and Kintyre. The Cree Extension-Millennium project is a Cameco-operated joint venture located in the southeastern portion of Canada's Athabasca Basin. The Yeelirrie deposit is located approximately 650 kilometer (Km) northeast of Perth and approximately 750 km south of Cameco's Kintyre project. Kintyre project is located at the western edge of the Great Sandy Desert in the East Pilbara region of Australia.