Cameco and Bruce Power have extended their exclusive nuclear fuel supply arrangements for an additional 10 years until 2040, securing decades of Canadian-made nuclear energy.
The deal includes provisions for Cameco to supply 100% of Bruce Power's uranium, conversion services, and fuel fabrication requirements.
The extension represents an estimated $2.8 billion in additional business between the companies from 2031 to 2040. The volumes under these new arrangements were included in the long-term contracting volumes disclosed by Cameco in February 2022.
The companies are industry leaders in Ontario, Saskatchewan, and Canada, directly employing 8,400 workers and creating billions of dollars of investment in the Canadian economy. #uranium #nuclearpower