Cameco Secures $1.9 Billion Uranium Supply Contract with India Through 2036

Cameco Corporation (CCJ) has finalized a major supply agreement with India valued at approximately $1.9 billion (CAD 2.6 billion). The long-term contract involves the delivery of 22 million pounds of uranium concentrate through 2036 to support India's growing nuclear infrastructure. This strategic deal aligns with India's ambitious plans to accelerate its nuclear energy expansion and ensure long-term fuel security for its transition goals. For Cameco, the agreement provides significant revenue visibility and strengthens its position as a primary supplier in the global nuclear fuel market. The partnership highlights the growing global momentum for nuclear power as a critical component of the low-carbon energy transition. Market analysts view this development as a bullish signal for Cameco’s stock and broader uranium-linked instruments like the URA ETF.