February 1, 2017 / 2:00 PM / in 10 months

BUZZ-Cameco Corp: Tepco scraps uranium supply contract

** Canadian uranium producer’s shares down nearly 12 pct at $11.25 premarket

** Tokyo Electric Power (Tepco), the operator of Japan’s wrecked Fukushima nuclear plant, scraps uranium supply contract with company

** Contract cancellation to affect about 9.3 mln pounds of uranium deliveries through 2028, worth about C$1.3 bln ($995.41 mln) in revenue to Cameco

** Up to Tuesday’s close, stock had risen by about a third over the past six months

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