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Stock impact report

Cameco Inks $1.9B Long-Term Uranium Supply Deal With India [Yahoo! Finance]

Cameco Corporation (CCJ) 
Last cameco corporation earnings: 5/1 07:00 am Check Earnings Report
US:NYSE Investor Relations: cameco.com/invest
Company Research Source: Yahoo! Finance
Cameco Corporation CCJ has strengthened its long-term growth visibility with a fresh supply agreement with India's Department of Atomic Energy, underscoring its role as a key player in the global nuclear fuel supply chain. The contract involves the delivery of nearly 22 million pounds of uranium ore concentrate over a nine-year period beginning in 2027. The deal is currently estimated at about CAD 2.6 billion ($1.9 billion) based on market-related pricing. This follows Cameco's previous five-year uranium supply agreement to India that started in 2015. India's Nuclear Push Creates Demand For CCJ & Peers India currently operates 24 nuclear reactors with a capacity of 7,943 MW and has six additional reactors under construction that are expected to add 4,768 MW. Historically constrained by trade restrictions and limited domestic uranium resources, the country has developed an indigenous nuclear program centered on a fuel cycle designed to leverage its large thorium reserves. With Show less Read more
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