Cameco Stock Price, News & Analysis

Cameco (NYSE:CCJ) and Brookfield entered a binding term sheet with the U.S. Department of Commerce to form a strategic partnership to accelerate deployment of Westinghouse nuclear reactors.

The agreement contemplates at least US$80 billion of aggregate new-build investment, US government-facilitated financing and near-term orders for long‑lead items. The US would receive a Participation Interest entitling it to 20% of cash distributions above US$17.5 billion, with an IPO option if Westinghouse valuation is expected to be ≥US$30 billion by January 2029. Transactions remain subject to definitive agreements, regulatory approvals and customary conditions.

Cameco (NYSE: CCJ) has secured a significant long-term agreement to supply natural uranium hexafluoride (UF6) to Slovenské elektrárne (SE) for its nuclear power plants in Slovakia. The contract, spanning from 2028 to 2036, will provide uranium and conversion services for SE's Bohunice and Mochovce nuclear facilities.

The strategic agreement aims to diversify SE's supplier base and enhance Slovakia's energy security. While specific contract details remain confidential, the deal represents Cameco's expansion into a new market within its global commercial portfolio. The agreement was celebrated by both companies' representatives at a gathering in London.

Cameco (NYSE: CCJ), a leading global uranium provider, announced production challenges at its McArthur River mine due to development delays and slower ground freezing in early 2025. The company has revised its McArthur River/Key Lake operation forecast to 14-15 million pounds of uranium concentrate (down from 18 million pounds) on a 100% basis.

While Cigar Lake mine maintains its 18 million pound production target, strong performance could potentially offset up to 1 million pounds of the McArthur River shortfall. Cameco emphasizes its strategic position to manage the disruption through various supply sources, including spot market purchases, inventory usage, and flexible sourcing options.

Cameco (NYSE:CCJ) reported strong Q2 2025 financial results, with net earnings of $321 million and adjusted EBITDA of $673 million, significantly higher than Q2 2024. The company's performance was driven by increased equity earnings from Westinghouse and robust results in uranium and fuel services segments.

Key highlights include a 47% increase in revenue to $877 million and improved uranium segment performance with average realized prices of $81.03/lb. Westinghouse's outlook was substantially upgraded, with expected adjusted EBITDA now between US$525-580 million, up from US$355-405 million, primarily due to its participation in the Dukovany nuclear reactor construction project.

The company maintains its 2025 production target of 18 million pounds at both McArthur River/Key Lake and Cigar Lake operations, while announcing executive team changes effective September 1, 2025, including Grant Isaac's appointment as president and COO.

Cameco (NYSE: CCJ), a leading global uranium fuel provider, has released its 2024 Sustainability Report, highlighting significant progress in environmental, social, and governance initiatives. The report showcases key achievements including 51% Indigenous workforce in northern Saskatchewan operations and 71% spending with northern-owned businesses.

Notable sustainability milestones include completing climate risk assessments in U.S. operations, launching a pre-trades training program for Saskatchewan's North residents, removing the Port Hope legacy UF6 plant, and publishing Scope 3 emissions data. The company has incorporated SASB performance indicators and continued progress toward TCFD recommendations, with third-party limited assurance on selected performance indicators.

Cameco (NYSE: CCJ) announces an anticipated US$170 million increase in its 49% share of Westinghouse Electric Company's 2025 adjusted EBITDA. This boost stems from Westinghouse's involvement in constructing two nuclear reactors at the Czech Republic's Dukovany power plant. The company expects to factor this increase into Westinghouse's 2025 distribution to Cameco. Beyond 2025, Westinghouse projects significant financial benefits from both the construction project and fuel fabrication services for the reactors. Notably, Westinghouse maintains its projected 6-10% compound annual growth rate in adjusted EBITDA over the next five years, excluding the US$170 million increase. Westinghouse's ownership structure remains split between Cameco (49%) and Brookfield Renewable Partners (51%).

Cameco (NYSE: CCJ) reports continued operations at its northern Saskatchewan uranium sites despite regional wildfires. While no fires currently threaten their Cigar Lake, Key Lake, McArthur River, and Rabbit Lake facilities, the company faces temporary disruptions to power, communications, and road deliveries. Cameco is allowing employees from affected northern communities to leave work to assist their families under evacuation orders. The company is implementing operational adjustments to manage employee availability while maintaining safety as the top priority. Despite these challenges, Cameco maintains its annual production target unchanged. Orano's McClean Lake mill also remains operational. The company emphasizes its position as a leading global uranium fuel provider with controlling ownership of high-grade reserves and significant investments across the nuclear fuel cycle.

Cameco (NYSE: CCJ), a leading global uranium fuel provider, announced the election of ten board members during its annual meeting on May 9, 2025. All nominees received strong shareholder approval, with voting percentages ranging from 96.24% to 99.77%. Notable board members include Tim Gitzel, Catherine Gignac, and Leontine van Leeuwen-Atkins. The company maintains a strong position in the nuclear fuel industry through its ownership of high-grade uranium reserves, low-cost operations, and strategic investments in Westinghouse Electric Company and Global Laser Enrichment.

Cameco (CCJ) reported strong Q1 2025 financial results with net earnings of $70 million and adjusted EBITDA of $353 million. Revenue increased 24% to $789 million, while gross profit grew 44% to $270 million. The uranium segment saw production of 6.0 million pounds, with average realized prices rising 9% to $62.55/lb (USD). The fuel services segment showed significant growth with earnings and EBITDA increasing over 100%. Westinghouse reduced its net loss to $62 million from $123 million in Q1 2024. The company maintained its 2025 production outlook of 18 million pounds each at McArthur River/Key Lake and Cigar Lake operations. JV Inkai resumed production after a brief suspension, targeting 8.3 million pounds for 2025. Cameco's strong balance sheet shows $361 million in cash and successful debt reduction, including full repayment of a $200 million USD Westinghouse acquisition loan.