This market estimates Cameco's net debt position as of December 31, 2027.

The market settles on March 31, 2028 (3 months after year-end to allow for quarterly reporting). At settlement, an LLM will be asked to estimate Cameco's net debt position as of December 31, 2027 using the trailing 15-month window excluding the last 3 months.

Measurement date: December 31, 2027 (point-in-time balance sheet snapshot)

Resolution:

• YES if: Net debt position as of Dec 31, 2027 <0M CAD

• NO if: Net debt position as of Dec 31, 2027 ≥0M CAD

Data source: LLM estimates the value from Cameco's public filings (quarterly earnings releases, MD&A, annual reports, financial statements). Calculate as total debt minus cash & cash equivalents from the balance sheet as of the measurement date. This is a point-in-time snapshot, not summed over the period.