18:54:54 EDT Sun 18 May 2025
Enter Symbol
or Name
USA
CA



Cameco Corp
Symbol CCO
Shares Issued 435,312,083
Close 2025-03-03 C$ 59.65
Market Cap C$ 25,966,365,751
Recent Sedar Documents

FP says Cameco hears Canada needs enriched uranium

2025-03-04 08:29 ET - In the News

The Financial Post reports in its Tuesday, March 4, edition that several provinces are considering nuclear power to reduce carbon emissions. The Post's Michael Joel-Hansen writes that this shift is driving growth in the uranium mining industry in Saskatchewan, but there is also a need for improved uranium enrichment. University of Regina emeritus professor Esam Hussein notes that provinces like Saskatchewan are exploring the use of reactors that require enriched uranium, a departure from the traditional Candu reactors used by Canadian utilities, which do not need enriched uranium. He says, "Candu reactors have the advantage of using natural uranium." Natural uranium is refined at Cameco's conversion facility in Port Hope, Ont., and it can then be used to fuel Candu nuclear reactors. Canada lacks facilities to enrich uranium, which increases the presence of U235 isotopes for powering nuclear reactors, including the developing evinci Micro Reactor. Mr. Hussein says access to enriched uranium is crucial if these reactors are to be deployed. He says if Canada does not develop its own enrichment capacity for non-Candu reactors, it will need to source enriched uranium from external jurisdictions like the U.S. and Europe.

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