Our strategy is set within the context of a challenging market environment, which we expect to give way to strong long-term fundamentals driven by increasing population and electricity demand.
We are a pure play nuclear fuel producer, focused on taking advantage of the long-term growth we see coming in our industry, while maintaining the ability to respond to market conditions as they evolve. Our strategy is to profitably produce from our tier-one assets at a pace aligned with market signals in order to increase long-term shareholder value, and to do that with a focus on safety, people and the environment.
Uranium production is central to our strategy, as it is the biggest value driver of the nuclear fuel cycle and our business. We plan to focus on our tier-one assets and manage our supply according to market conditions in order to return the best value possible. As conditions improve, we expect to meet rising demand with increased production from our best margin operations.
Our fuel services division is a source of profit and supports our uranium segment while allowing us to vertically integrate across the fuel cycle. Our focus is on maintaining and optimizing profitability.
We continue to explore opportunities in the second largest value driver of the fuel cycle.
NUKEM’s activities provide a source of profit and gives us insight into market dynamics.
Each quarter, Cameco's president and CEO, Tim Gitzel, provides his perspectives on the uranium fuel industry and our company's performance.
Supply & Demand
With almost 60 new reactors under construction, the long-term outlook for the uranium industry is strong.
Caution about Forward-Looking Information
Please click here for additional information about the assumptions applied in making the forward-looking statements on this page and the factors that could cause results to differ materially.