v3.26.1
Other liabilities
 12 Months Ended
Dec. 31, 2025
Other liabilities [Abstract]  
Other liabilities
14.
Other liabilities
2025
2024
Deferred sales [notes 17, 30]
$
81,813
$
106,569
Derivatives [note 25]
18,921
143,609
Accrued pension and post-retirement benefit liability [note 24]
83,887
78,674
Lease obligation
14,933
9,839
Product loan
(a)
240,057
177,623
Sales contracts
2,553
4,304
Other
70,458
64,699
512,622
585,317
Less: current portion
(134,667)
(221,820)
Net
$
377,955
$
363,497
Expenses related to short-term leases and leases of low-value assets were insignificant during 2025
.
(a) The Company has standby product loan facilities with various counterparties. The arrangements allow it to borrow up to
2,270,000
kgU of UF
6
conversion services and
6,777,000
pounds of U
3
O
8
by January 1, 2032 with repayment in kind up to
March 31, 2032
. Under the facilities, standby fees of up to
2.1
% are payable based on the market value of the facilities and
interest is payable on the market value of any amounts drawn at rates ranging from
0.5
% to
2.2
%. The loans are recorded at
Cameco’s weighted average cost of inventory.
During the year, Cameco borrowed an additional
345,000
kgU of UF
6
conversion services and repaid
627,000
kgU of UF
6
conversion services. At December 31, 2025, we have
1,285,000
kgU of UF
6
conversion services (December 31, 2024 -
1,567,000
kgU) drawn on the loans with repayment in the following years:
2026
2027
2028
2029
2030
Thereafter
Total
kgU of UF
6
940,000
-
-
-
-
345,000
1,285,000
During the year, Cameco borrowed an additional
2,949,000
pounds of U
3
O
8
and repaid
2,098,000
pounds of U
3
O
8.
At
December 31, 2025 we have
3,357,000
pounds of U
3
O
8
(December 31, 2024 -
2,506,000
pounds) drawn with repayment in
the following years:
2026
2027
2028
2029
2030
Thereafter
Total
lbs of U
3
O
8
408,000
2,048,000
901,000
3,357,000