Form SD - Specialized disclosure report

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM SD

SPECIALIZED DISCLOSURE REPORT

Cameco Corporation

(Exact name of registrant as specified in its charter)


Canada	1-14228	98-0113090
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification No.)

2121-11th Street West Saskatoon, Saskatchewan, Canada		S7M 1J3
(Address of principal executive offices)		(Zip code)

Heidi Shockey 306-956-6200

(Name and telephone number, including area code, of the person to contact in connection with this report)

Check the appropriate box to indicate the rule pursuant to which this form is being filed.

☐	Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31,_________.

☒	Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31, 2023.

SECTION 1 - CONFLICT MINERALS DISCLOSURE

Item 1.01 - Conflict Minerals Disclosure and Report

Not applicable.

Item 1.02 – Exhibit

Not applicable

SECTION 2 - RESOURCE EXTRACTION ISSUER DISCLOSURE

Item 2.01 Resource Extraction Issuer Disclosure and Report

Cameco Corporation (the “Company”) is subject to Canada’s Extractive Sector Transparency Measures Act (“ESTMA”). The Company is relying on the alternative reporting provision of Item 2.01 and providing its ESTMA report for the year ended December 31, 2023 to satisfy the requirements of Item 2.01. The Company’s ESTMA report is available on the Company’s website at https://www.cameco.com/sites/default/files/documents/cameco-2023-estma-reporting.pdf and on the Government of Canada’s website at https://natural-resources.canada.ca/our-natural-resources/minerals-mining/
services-for-the-mining-industry/extractive-sector-transparency-measures-act/links-estma-reports/18198. Except as set forth herein, information on the Company’s and the Government of Canada’s websites is not part of or incorporated by reference in this Form SD.

The payment disclosure required by Form SD is included as Exhibit 2.01 to this Form SD.

SECTION 3 – EXHIBITS

Item 3.01. Exhibits

The following exhibit is filed as part of this report.


Exhibit Number		Description

2.01		Extractive Sector Transparency Measures Act - Annual Report for the year ended December 31, 2023

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned.


CAMECO CORPORATION		September 25, 2024

(Registrant)		(Date)


By:		/s/ Heidi Shockey
Name:		Heidi Shockey
Title:		Senior Vice-President and Deputy Chief Financial Officer

Extractive Sector Transparency Measures Act - Annual Report

Reporting Entity Name

Cameco Corporation

Reporting Year

From

1/1/2023

To:

12/31/2023

Date submitted

6/13/2024

Reporting Entities May

Insert Their Brand/Logo here

Reporting Entity ESTMA Identification Number

E886600

Other Subsidiaries Included

(optional field)

Not Consolidated

Not Substituted

Attestation by Reporting Entity

In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.

Full Name of Director or Officer of Reporting Entity

Heidi Shockey

Date

6/13/2024

Position Title

Senior Vice-President and Deputy Chief Financial Officer

Extractive Sector Transparency Measures Act - Annual Report

Reporting Year

From:

1/1/2023

To:

12/31/2023

Reporting Entity Name

Cameco Corporation

Currency of the Report

CAD

Reporting Entity ESTMA

Identification Number

E886600

Subsidiary Reporting Entities (if necessary)

Payments by Payee

Country

Payee Name¹

Departments,

Agency, etc...

within Payee

that Received

Payments²

Taxes

Royalties

Fees

Production

Entitlements

Bonuses

Dividends

Infrastructure
Improvement

Payments

Total Amount

paid to Payee

Notes^3,4

Canada

national
government of
Canada

3,970,000

3,970,000

Payments for regulatory oversight, and radio licenses. Departments include Canadian Nuclear Safety Commission (CNSC), Industry Canada, Environment Canada.

Canada -Saskatchewan

the province
of
Saskatchewan

7,830,000

69,100,000

4,420,000

81,350,000

Payments for property taxes, royalties, highway maintenance, and regulatory oversight. Departments include Ministry of Economy, Ministry of Finance, Ministry of Government Relations, Ministry of Environment, Ministry of Highways & Infrastructure.

Canada -Ontario

the province
of Ontario

Ministry
of
Finance

50,000

50,000

Payments for mandatory hoist rope testing

Canada -Saskatchewan

Athabasca
Community
Trust

1,820,000

1,820,000

Payments to the trust are attributed to Black Lake Denesuline First Nation, Fond du Lac Denesuline First Nation, Hatchet Lake Denesuline First Nation, northern hamlet of Stony Rapids, northern settlement of Wollaston Lake, northern settlement of Uranium City, and northern settlement of Camsell Portage.

Canada -Saskatchewan

English River
First Nation

500,000

20,000

520,000

Payments are comprised of contributions stipulated in collaboration agreements with the community. These include payments directly to the community and to a community-owned contractor and consultant. Some payments are made to support the building and maintenance of community facilities

Canada -Saskatchewan

Lac La Ronge
Indian Band
Community
Trust

510,000

510,000

Payments based on the collaboration agreement, including funding for education and community liaison. The trust is attributed to the communities of Grandmother’s Bay, Hall Lake, La Ronge, Little Red River, Stanley Mission, and Sucker River

Canada -Saskatchewan

northern
village of
Pinehouse

1,230,000

1,230,000

Payments are mostly comprised of contributions stipulated in collaboration agreements with the community. These include payments directly to the community and to a community-owned contractor. Some payments are made to support the building and maintenance of community facilities

Canada -Saskatchewan

Six Rivers
Fund

100,000

100,000

Trust fund to benefit indigenous communities in Northern Saskatchewan. Money is granted to projects to support youth, education, health & wellness, and sports & recreaction.

Extractive Sector Transparency Measures Act - Annual Report

Reporting Year

From:

1/1/2023

To:

12/31/2023

Reporting Entity Name

Cameco Corporation

Currency of the Report

CAD

Reporting Entity ESTMA

Identification Number

E886600

Subsidiary Reporting Entities (if necessary)

Payments by Payee

Country

Payee Name¹

Departments,

Agency, etc...

within Payee

that Received

Payments²

Taxes

Royalties

Fees

Production

Entitlements

Bonuses

Dividends

Infrastructure
Improvement

Payments

Total Amount

paid to Payee

Notes^3,4

Canada -Saskatchewan

Peter
Ballantyne
Cree Nation

700,000

700,000

Payments based on the participation agreement, including community investment funding and business development.

United States of America

national
government
of United
States of
America

880,000

880,000

Departments include Nuclear Regulatory Commission, Bureau of Land Management, Department of Agriculture. Transaction occurred in USD$, converted to CAD$ at the exchange rate existing at time of payments (Avg. $1.30 CAD/USD).

United States of America

the state of
Wyoming

70,000

10,000

300,000

380,000

Departments include Department of Environmental Quality,Office of State Lands and Investments, Department of Revenue, Secretary of State. Transaction occurred in USD$, converted to CAD$ at the exchange rate existing at time of payments (Avg. $1.30 CAD/USD)

United States of America

the state of
Nebraska

180,000

180,000

Departments include Department of Environmental Quality, Board of Education, Department of Health & Human Services. Transaction occurred in USD$, converted to CAD$ at the exchange rate existing at time of payments (Avg. $1.30 CAD/USD)

United States of America

the
municipality
of Campbell
County

250,000

250,000

Transaction occurred in USD$, converted to CAD$ at the exchange rate existing at time of payments (Avg. $1.30 CAD/USD)

United States of America

the
municipality
of Converse
County

540,000

30,000

570,000

Transaction occurred in USD$, converted to CAD$ at the exchange rate existing at time of payments (Avg. $1.30 CAD/USD)

United States of America

the
municipality
of Dawes
County

80,000

80,000

Transaction occurred in USD$, converted to CAD$ at the exchange rate existing at time of payments (Avg. $1.30 CAD/USD)

United States of America

the
municipality
of Fremont
County

10,000

10,000

Transaction occurred in USD$, converted to CAD$ at the exchange rate existing at time of payments (Avg. $1.30 CAD/USD)

Australia

Government
of Western
Australia

Department
of Mines &
Petroleum

310,000

310,000

Transaction occurred in AUD$, converted to CAD$ at the exchange rate existing at time of payments ($0.90 CAD/AUD)

Additional Notes:

As required by Canada’s Extractive Sector Transparency Measures Act (ESTMA), Cameco has reported to the Canadian government payments made to
governments in Canada, the United States, and Australia. These payments include royalties, taxes and fees paid during a year by Cameco and its subsidiaries to
various levels of government related to commercial development. Under ESTMA commercial development captures the exploration and extraction of minerals
and does not include post-extraction activities, such as refining, processing, marketing, distribution, transportation or export. With the exception of payments
made to Indigenous Payees, the amounts reported are on a 100% basis with no adjustment to reflect the minority ownership interest of other entities in the
commercial development of minerals undertaken by Cameco and its subsidiaries. Payments made to Indigenous Payees in Canada are reported at Cameco’s
share.

Extractive Sector Transparency Measures Act - Annual Report

Reporting Year

From:

1/1/2023

To:

12/31/2023

Reporting Entity Name

Cameco Corporation

Currency of the Report

CAD

Reporting Entity ESTMA

Identification Number

E886600

Subsidiary Reporting Entities (if

necessary)

Payments by Project

Country

Project Name¹

Taxes

Royalties

Fees

Production Entitlements

Bonuses

Dividends

Infrastructure
Improvement Payments

Total Amount paid
by Project

Notes^2,3

Canada -Saskatchewan

Cameco Corporation

69,100,000

4,860,000

73,960,000

corporate royalties & colloboration agreements that are not assigned/attributed to a specific project

Canada -Saskatchewan

Key Lake

1,500,000

3,860,000

10,000

5,370,000

property taxes & regulatory fees

(100% of payments reported, Cameco ownership 83.3%)

Canada -Saskatchewan

McArthur River

1,320,000

1,600,000

10,000

2,930,000

property taxes & regulatory fees

(100% of payments reported, Cameco ownership 69.8%)

Canada -Saskatchewan

Cigar Lake

4,630,000

2,040,000

10,000

6,680,000

property taxes & regulatory fees

(100% of payments reported, Cameco ownership 54.5%)

Canada -Saskatchewan

Rabbit Lake

380,000

860,000

1,240,000

property taxes & regulatory fees

Canada -Saskatchewan

Exploration

90,000

90,000

Claim staking and maintenance fees

United States of America

Crow Butte
Resources

80,000

370,000

450,000

Transaction occurred in USD$, converted to CAD$ at the exchange rate existing at time of payment (Avg. $1.30 CAD/USD)

United States of America

Power Resources
Inc

870,000

10,000

1,030,000

1,910,000

Transaction occurred in USD$, converted to CAD$ at the exchange rate existing at time of payment (Avg. $1.30 CAD/USD)

Australia

Cameco Australia

310,000

310,000

Transaction occurred in AUD$, converted to CAD$ at the exchange rate existing at time of payment (Avg. $0.90 CAD/AUD)

Additional Notes³:

As required by Canada’s Extractive Sector Transparency Measures Act (ESTMA), Cameco has reported to the Canadian government payments made to governments in Canada, the United States, and Australia.
These payments include royalties, taxes and fees paid during a year by Cameco and its subsidiaries to various levels of government related to commercial development. Under ESTMA commercial development
captures the exploration and extraction of minerals and does not include post-extraction activities, such as refining, processing, marketing, distribution, transportation or export. With the exception of payments
made to Indigenous Payees, the amounts reported are on a 100% basis with no adjustment to reflect the minority ownership interest of other entities in the commercial development of minerals undertaken by
Cameco and its subsidiaries. Payments made to Indigenous Payees in Canada are reported at Cameco’s share.

Document Information	12 Months Ended
Document Information	Dec. 31, 2023
Document Information:
Document Type	2.01 SD
Amendment	false
CIK	0001009001
Registrant Name	Cameco Corporation
Period End Date	Dec. 31, 2023
Reporting Currency	CAD

Payments, by Project - 12 months ended Dec. 31, 2023 - CAD ($)	Taxes	Royalties	Fees	Infrastructure	Total Payments
Cameco Corporation [Member]
Total		$ 69,100,000	$ 4,860,000		$ 73,960,000
Key Lake [Member]
Total	$ 1,500,000		3,860,000	$ 10,000	5,370,000
McArthur River [Member]
Total	1,320,000		1,600,000	10,000	2,930,000
Cigar Lake [Member]
Total	4,630,000		2,040,000	$ 10,000	6,680,000
Rabbit Lake [Member]
Total	380,000		860,000		1,240,000
Exploration [Member]
Total			90,000		90,000
Crow Butte Resources [Member]
Total	80,000		370,000		450,000
Power Resources Inc [Member]
Total	$ 870,000	$ 10,000	1,030,000		1,910,000
Cameco Australia [Member]
Total			$ 310,000		$ 310,000

Payments, by Government - 12 months ended Dec. 31, 2023 - CAD ($)	Taxes	Royalties	Fees	Infrastructure	Total Payments
Canada -Saskatchewan \| National Government Of Canada [Member]
Total			$ 3,970,000		$ 3,970,000
Canada -Saskatchewan \| The Province Of Saskatchewan [Member]
Total	$ 7,830,000	$ 69,100,000	4,420,000		81,350,000
Canada -Saskatchewan \| The Province Of Ontario [Member]
Total			50,000		50,000
Canada -Saskatchewan \| Athabasca Community Trust [Member]
Total			1,820,000		1,820,000
Canada -Saskatchewan \| English River First Nation [Member]
Total			500,000	$ 20,000	520,000
Canada -Saskatchewan \| Lac La Ronge Indian Band Community Trust [Member]
Total			510,000		510,000
Canada -Saskatchewan \| Northern Village Of Pinehouse [Member]
Total			1,230,000		1,230,000
Canada -Saskatchewan \| Six Rivers Fund [Member]
Total			100,000		100,000
Canada -Saskatchewan \| Peter Ballantyne Cree Nation [Member]
Total			700,000		700,000
United States of America \| National Government Of United States Of America [Member]
Total			880,000		880,000
United States of America \| The State Of Wyoming [Member]
Total	70,000	$ 10,000	300,000		380,000
United States of America \| The State Of Nebraska [Member]
Total			180,000		180,000
United States of America \| The Municipality Of Campbell County [Member]
Total	250,000				250,000
United States of America \| The Municipality Of Converse County [Member]
Total	540,000		30,000		570,000
United States of America \| The Municipality Of Dawes County [Member]
Total	80,000				80,000
United States of America \| The Municipality Of Fremont County [Member]
Total	$ 10,000				10,000
Australia \| Government of Western Australia [Member]
Total			$ 310,000		$ 310,000