$1.9 Billion Uranium Deal with Cameco

The Indian government has signed a $1.9 billion uranium supply agreement with Canadian company Cameco. The deal is projected to secure more than 11,000 tonnes of uranium for nuclear energy generation, with deliveries planned from 2027 through 2035. This long-term contract directly meets India's resource requirements for its nuclear power industry, guaranteeing a stable supply of this critical fuel. The agreement constitutes a major financial commitment and strategic partnership within the global uranium market, with significant implications for India's energy security and Cameco's future revenue streams.