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Long-term receivables, investments and other
12 Months Ended
Dec. 31, 2024
Long-term receivables, investments and other [Abstract]  
Long-term receivables, investments and other
11.
 
Long-term receivables, investments and other
2024
2023
Derivatives [note 26]
103
28,467
Investment tax credits
96,199
95,940
Amounts receivable related to tax dispute [note 21]
(a)
209,125
209,125
Product loan
(b)
288,294
288,294
Other
3,268
2,108
596,989
623,934
Less current portion
(1,093)
(10,161)
Net
$
595,896
$
613,773
(a)
 
Cameco was required to remit or otherwise secure 50% of the cash taxes and transfer pricing penalties, plus related
interest and instalment penalties assessed, in relation to its dispute with Canada Revenue Agency (CRA). In light of our view
of the likely outcome of the case, Cameco expects to recover the amounts remitted to CRA, including cash taxes, interest and
penalties paid.
(b)
 
Cameco loaned
5,400,000
 
pounds of uranium concentrate to its joint venture partner, Orano Canada Inc., (Orano). Orano
is obligated to repay the Company in kind with uranium concentrate no later than
December 31, 2028
. As at December 31,
2024,
3,000,000
 
pounds have been returned as repayment on this loan (December 31, 2023 -
3,000,000
 
pounds).
Cameco also loaned Orano
1,148,200
 
kgU of conversion supply and an additional
1,200,000
 
pounds of uranium concentrate
over the period 2022 to 2024. Repayment to Cameco is to be made in kind with U
3
O
8
 
quantities drawn being repaid by
December 31, 2027
 
and quantities of UF
6
 
drawn by
December 31, 2035
.
As at December 31, 2024,
3,600,000
 
pounds of U
3
O
8
 
(December 31, 2023 -
3,600,000
 
pounds) and
1,148,200
 
kgU of UF
6
conversion supply (December 31, 2023 -
1,148,200
 
kgU) were drawn on the loans and are recorded at Cameco’s weighted
average cost of inventory.