Invest
2025 Q4 Conference Call and Webcast
The underlying message is clear to us: the fundamentals that have been steadily improving over the past several years gained further traction in 2025, and we expect these trends to continue through 2026 and beyond.
- Tim Gitzel, Chief Executive Officer
Solid Performance
(As of December 31, 2025)
Overview
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Cameco is more than mining; our operations and investments span the nuclear fuel cycle.
Reserves and Resources
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Our tier-one assets hold more than 433 million pounds of proven and probable uranium reserves.
Supply and Demand
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Growing geopolitical uncertainty, shrinking secondary supplies, and a lack of investment in new capacity over the past decade have placed new emphasis on security of supply.