Cameco Customers

We have commitments to sell over 113 million pounds of U3O8 with 32 customers worldwide in our uranium segment, and over 53 million kilograms as UF6 conversion with 31 customers worldwide in our fuel services segment. The annual average sales commitments over the next five years in our uranium segment is around 16 million pounds, with commitment levels in 2021 and 2022 higher than in 2023 through 2025.

Uranium Customers

  America Europe Asia
Uranium Customers 48 24 28

Uranium

Customers:

32 nuclear utilities worldwide

  • 48% of volume to Americas (US, Canada, Latin America)
  • 28% of volume to Asia
  • 24% of volume to Europe
  • five largest customers account for 60% of commitments

Commitments:

Over 113 million pounds of U3O8 contracted

Conversion Customers

  America Europe Asia
Conversion Customers 66 24 10

Conversion – UF6

Customers:

31 nuclear utilities worldwide

  • 66% of volume to Americas (US, Canada, Latin America)
  • 10% of volume to Asia
  • 24% of volume to Europe
  • five largest customers account for 54% of commitments

Commitments:

Over 53 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 pellets per year

For more information on Cameco’s marketing activities see our 2020 Q4 MD&A.