Long-term receivables, investments and other

12 Months Ended

Dec. 31, 2023

Long-term receivables, investments and other [Abstract]

Long-term receivables, investments and other

11. Long-term receivables, investments and other

2023

2022

Deferred charges

$

-

$

29,585

Derivatives [note 27]

28,467

2,807

Investment tax credits

95,940

95,812

Amounts receivable related to tax dispute [note 22]

(a)

209,125

295,221

Product loan

(b)

288,294

200,998

Other

2,108

3,264

623,934

627,687

Less current portion

(10,161)

(32,180)

Net

$

613,773

$

595,507

(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. $

86,097,000

 was received during the year (see note 22).

(b) Cameco loaned

5,400,000

 pounds of uranium concentrate to its joint venture partner, Orano Canada Inc., (Orano). Orano

was obligated to repay the Company in kind with uranium concentrate no later than December 31, 2023. During 2022, the

repayment terms were extended to

December 31, 2028

. As at December 31, 2023,

3,000,000

 pounds have been returned as

repayment on this loan.

Cameco also agreed to lend to Orano up to

1,148,200

 kgU of conversion supply and up to 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, 2023,

3,600,000

 pounds of U

3

O

8

 (December 31, 2022 -

3,571,001

 pounds) and

1,148,200

 kgU of UF

6

conversion supply (December 31, 2022 -

700,000

 kgU) were drawn on the loans and are recorded at Cameco’s weighted

average cost of inventory.