The chief executive of Saskatchewan-based uranium miner Cameco Corp. is encouraging investors to tune out the “noise” from global trade and geopolitical upheaval and instead focus on the strong outlook for nuclear power demand.
“There is no doubt that those distractions have created new and unexpected risks that must be carefully monitored and diligently managed,” Tim Gitzel told analysts on a conference call to discuss the company’s first-quarter results.
Canadian uranium is exempt from 10 percent U.S. tariffs on energy imports because it adheres to the free-trade agreement between Canada, the U.S. and Mexico. But on the conference call, Gitzel said “we know that a lot can change overnight.”…