Enrichment: Global Laser Enrichment

  • Cameco has a 24% interest in Global Laser Enrichment which is testing a third-generation technology that, if successful, will use lasers to commercially enrich uranium.
  • The other partners in GLE are General Electric (51%) and Hitachi (25%).

Strategy

We continue to explore innovative areas like laser enrichment technology to broaden our fuel cycle participation and help us serve our customers more effectively. Uranium enrichment is the second largest value component, after uranium, in a typical light water reactor fuel bundle. Having operational control of both uranium production and enrichment facilities would offer operational synergies that could significantly enhance profit margins.

The enrichment market has the same customer base as the uranium market, and most of the world’s commercial nuclear reactors need enriched uranium.