Cameco Signs Long-Term Uranium Supply Agreement with India
Cameco Corporation (CCJ)
Last cameco corporation earnings: 5/1 07:00 am
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Source: Business Wire
All amounts in Canadian dollars unless specified otherwise SASKATOON, Saskatchewan--(BUSINESS WIRE)--Cameco (TSX: CCO; NYSE: CCJ) has entered a long-term agreement to supply uranium ore concentrate (U3O8) to the Government of India’s Department of Atomic Energy, for use in the country’s fleet of nuclear reactors. The agreement will see Cameco supply nearly 22 million pounds of uranium ore concentrate to India over a nine-year period on market-related price terms, with a total contract value estimated at approximately $2.6 billion.India currently has 24 operating reactors along with ambitious plans to deploy dozens more to reach 100 GW by 2047. Deliveries under the contract are expected to begin in 2027 and run through 2035 in alignment with Cameco’s long-term contracting strategy. The volumes under this contract were included in the total long-term contracting volumes and in the expected five-year realized uranium price sensitivity analysis, disclosed in the 2025 annual Management’
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- Comparing Uranium Stocks Cameco and NexGen Energy [Yahoo! Finance Canada]Yahoo! Finance Canada
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- 1/23/26 - Form 6-K
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