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-Cameco Rejects TEPCO's Uranium Contract Termination Notice

Feb 03, 2017 - ENP Newswire

Saskatoon, Saskatchewan, Canada - Cameco (TSX: CCO; NYSE: CCJ) announced Tokyo Electric Power Company Holdings, Inc. has issued a termination notice for a uranium supply contract with Cameco Inc. that we do not accept.

Cameco Inc. sees no basis for terminating the contract, considers TEPCO to be in default, and will pursue all its legal rights and remedies.

On January 31, 2017, TEPCO confirmed it would not accept a uranium delivery scheduled for February 1, 2017, and would not withdr...