TSX:CCOOil and Gas
Cameco (TSX:CCO) Is Down 8.2% After Securing US$2.6 Billion Indian Uranium Supply Deal
Cameco announced in early March 2026 that it had signed a long-term agreement to supply nearly 22 million pounds of uranium ore concentrate to India’s Department of Atomic Energy from 2027 to 2035, on market-linked terms, with an estimated contract value of about US$2.60 billion.
This deal deepens Cameco’s role in India’s nuclear fuel supply as the country expands its reactor fleet toward a 100 GW nuclear capacity target by 2047.
We’ll now examine how this nine-year Indian supply contract...