Cameco's Westinghouse Deal Secures $80b in Nuclear Reactor Pipeline Support

Cameco has entered a new agreement with the US Department of Commerce to support at least $80 billion of new nuclear reactor construction by 2030, linked to reducing reliance on Russian nuclear fuel and technology. The deal ties Cameco to planned reactor projects tied to Western supply chains, connecting the company's uranium business to a wider buildout of nuclear infrastructure. The agreement reinforces Cameco's position in the broader fuel and services chain and reinforces the company's narrative that future shareholder value is tied to sector-wide expectations for new-build reactors and long-term utility contracting.