Today, the Canadian Nuclear Safety Commission (CNSC) announced its decision to renew, for a period of 1 year, the nuclear fuel facility licence held by Cameco Corporation (Cameco) for Cameco Fuel Manufacturing Inc. (CFM), located in the Municipality of Port Hope, Ontario, and on the traditional territory of the Mississauga Anishnaabeg, Wendat, and the territory covered by the Williams Treaties. The renewed licence authorizes Cameco to continue manufacturing uranium dioxide fuel pellets and nuclear fuel bundles at CFM. Along with the renewed licence, the CNSC announced its decision to accept Cameco's proposal for a revised financial guarantee of $10.8 million for CFM. This decision follows a public hearing based on written submissions.
In making its decision, the Commission considered written submissions from Cameco, CNSC staff, and 7 intervenors. The CNSC also made participant funding available through its Participant Funding Program, and invited interventions from Indigenous Nations and communities, members of the public and stakeholders. One requestor received participant funding to assist with its intervention.
After reviewing all submissions, the Commission concluded that Cameco is qualified to carry out the nuclear fuel manufacturing activities that the renewed licence will authorize. It also concluded that Cameco will make adequate provision for the protection of the environment, and the health and safety of persons.
