Cameco Customers

We have commitments to sell over 130 million pounds of U3O8 with 31 customers worldwide in our uranium segment, and over 36 million kilograms as UF6 conversion with 28 customers worldwide in our fuel services segment. The annual average sales commitments over the next five years in our uranium segment is around 19 million pounds, with commitment levels in 2020 and 2021 higher than in 2022 through 2024.

Uranium Customers

  America Europe Asia
Uranium Customers 42 25 33

Uranium

Customers:

31 nuclear utilities worldwide

  • 42% of volume to Americas (US, Canada, Latin America)
  • 33% of volume to Asia
  • 25% of volume to Europe
  • five largest customers account for 60% of commitments

Commitments:

~130 million pounds of U3O8 contracted

Conversion Customers

  America Europe Asia
Conversion Customers 36 46 18

Conversion – UF6

Customers:

28 nuclear utilities worldwide

  • 36% of volume to Americas (US, Canada, Latin America)
  • 18% of volume to Asia
  • 46% of volume to Europe
  • five largest customers account for 60% of commitments

Commitments:

over 36 million kilograms as UF6 conversion

Conversion – UO2

Cameco is a leading supplier of uranium dioxide (UO2) used by the Canadian operators of CANDU heavy water reactors.

Conversion – UO3

Cameco provides intermediate fuel services product, uranium trioxide (UO3), through our Blind River refinery – the world's largest uranium refinery.

Fuel Manufacturing

Cameco is one of two nuclear fuel manufacturers in Canada, and the largest Canadian-based supplier of reactor components to CANDU operators in Canada.

Customers:

  • utilities operating CANDU reactors

Products:

  • finished fuel for CANDU reactors
  • specialty alloy products for various CANDU reactor applications

Capacity:

  • 1.2 million KgU as UO2 finished fuel bundles per year

For more information on Cameco’s marketing activities see our 2019 Q4 MD&A.