Canadian uranium producer Cameco (CCJ.US) disclosed development delays in the transition to new mining areas at its McArthur River mine in Saskatchewan, which is expected to postpone some production and impact its 2025 production forecast. In a 6-K filing, Cameco stated that it currently expects uranium concentrate production from the McArthur River/Key Lake project to be 14 to 15 million pounds, down from the previous forecast of 18 million pounds. However, strong performance from the Cigar Lake mine in Saskatchewan may partially offset the production reduction, potentially compensating for up to 1 million pounds of uranium concentrate shortfall from the McArthur River/Key Lake project. The company cannot fully eliminate the impact of development delays and slower-than-expected ground freeze in the first half of 2025. Despite Cameco stating it cannot completely eliminate the expected impact of development delays and slower-than-expected ground freeze in the first half of this year, the company emphasized that its "strategy of combining marketing, operational and financial decisions to capture full-cycle value enables us to effectively manage the expected production shortfall and fulfill delivery commitments to customers." The McArthur River mine is owned 69.8% by Cameco and 30.25% by Orano; the Key Lake mill is owned 83.33% by Cameco and 16.67% by Orano; the Cigar Lake project is owned 54.55% by Cameco, 40.45% by Orano, and 5% by Tokyo Electric Power Resources. Additionally, Cameco and Orano announced a 15-year agreement worth approximately $500 million with Saskatchewan-based Rise Air to provide workforce transportation services.