Search Results

Canada's Cameco Signs Exclusive Offtake Agreement to Lock Up All Future Output from U.S. Paducah Laser Enrichment Plant

Canadian nuclear fuel giant Cameco has signed a new exclusive offtake agreement with Global Laser Enrichment (GLE), under which Cameco will purchase all nuclear fuel products from the future production of the Paducah Laser Enrichment Facility (PLEF) that GLE plans to build in Kentucky, United States. This major agreement was formally announced by Australia's Silex Systems. GLE was founded in 2007 to develop and commercialize laser-based uranium enrichment technology in the United States. The company is currently 51% owned by Silex Systems, the developer of SILEX laser enrichment technology, and 49% by Cameco. Silex Chief Executive Officer and Managing Director Mike...

2026-09-17

Cameco says it can ramp up core uranium asset production when demand recovers

Canadian uranium producer Cameco has said it is well positioned to respond to rising market demand, and will prioritize increasing output from its core assets if demand becomes clearer. Grant Isaac, Cameco's President and Chief Operating Officer, said on a company podcast discussing long-term strategy that Cameco remains committed to supply discipline, focusing on meeting customers' actual needs rather than setting overly ambitious growth expectations in the absence of confirmed demand. Isaac said the company is prepared to increase production from Tier 1 assets such as the McArthur River uranium mine and the Key Lake mill when market demand rises, lifting output from the current approximately 10 million to 11.5 million pounds of U3O8 to 25 million pounds.

2026-08-13

Canadian nuclear fuel supplier Cameco announces Westinghouse Electric IPO plan

Canadian nuclear fuel supplier Cameco Corporation has announced that its joint venture, Westinghouse Electric Company, has confidentially submitted a preliminary registration statement for a proposed initial public offering. The IPO aims to further advance Westinghouse's business development in the nuclear power sector and bring new sources of funding to the company. Currently, Cameco holds a 49% stake in Westinghouse, with Brookfield Renewable Partners owning the remaining 51%. Westinghouse is one of the world's largest nuclear services companies and the supplier of the world's first commercial pressurized water reactor (PWR). Its technology platform covers the entire nuclear power value chain, with 41 of the...

2026-08-01