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0.00217069360761161 0.00200839875844442 0.00184610390927723 0.00184529243503137 0.00261700444282154 -0.001886677621569 0.00594404885074961 0.000670277727060632
Stock impact report

Cameco to supply uranium ore concentrate to India in $1.9bn worth deal [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
Canadian uranium supplier Cameco has secured a long-term contract valued at approximately C$2.6bn ($1.9bn) to supply uranium ore concentrate to India's Department of Atomic Energy. The Canadian firm will deliver nearly 22 million pounds of uranium from 2027 to 2035. The uranium will be used to support operations in India's nuclear reactor fleet. Cameco and Indian officials announced the deal during an event in Delhi, attended by Cameco chief executive Tim Gitzel, Indian Prime Minister Narendra Modi, Canadian Prime Minister Mark Carney, and Saskatchewan Premier Scott Moe. “Cameco is proud to be a strategic partner with India to help meet its civil nuclear fuel needs and support its trade relationship with Canada," Gitzel said. "India is embarking on an ambitious nuclear expansion to power its development plans and meet the future energy security needs of its people. That isn't possible without a stable supply of uranium fuel." India currently operates 24 nuclear reactors and Show less Read more
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