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Cameco Puts to Rest 13-Year Long Tax Dispute With Canada (1)

Feb. 18, 2021, 4:13 PM

Uranium miner Cameco Corp.’s years-long tax dispute with the Canadian Revenue Agency is finally coming to an end.

The Supreme Court of Canada dismissed the case, resolving disputes for the Saskatoon, Saskatchewan-based company’s 2003, 2005 and 2006 tax years, which another court in 2018 had ruled in favor of the producer. The decision comes amid a rally in the uranium market as investors see nuclear power included in clean energy plans.

“This entire saga has gone on far too long,” Chief Executive Officer Tim Gitzel said Thursday in a statement. “It has been incredibly disheartening for us, as ...