Why Invest?


Our strategy is to capture full-cycle value, set within the context of increasing populations, a growing focus on electrification and decarbonization, and geopolitical uncertainty which is transforming our industry. Nuclear energy must be a central part of the solution to the world’s shift to a low-carbon, climate resilient economy. Cameco is committed to responsibly and reliably managing our business and increasing our contributions to global climate change solutions. We execute our strategy with an emphasis on safety, people and the environment.


We have world class assets that are the foundation of our strategy, providing an extensive base of mineral reserves and resources and diversified sources of supply. Our production decisions are aligned with long-term commitments which currently represent about 20% of our current total reserve and resource base. Our uranium assets are complemented by our work and investments in other parts of the nuclear fuel cycle such as fuel services, Westinghouse and GLE.


There is increasing recognition of the role nuclear power must play in providing safe, reliable, affordable carbon-free baseload electricity to achieve a low-carbon, climate resilient economy. According to the International Atomic Energy Agency there are currently 438 reactors operating globally and 58 new reactors under construction. That growth continues to be led by Eastern countries, with 46 reactors being built in China, India, Africa and the Middle East, and Asia.


We believe the current backlog of long-term contracting presents a substantial opportunity. UxC estimates that cumulative uncovered requirements are about 2.2 billion pounds to the end of 2040. There is opportunity, in the long term, for strong producers that have the right mix of low-cost assets, operational flexibility and favourable geopolitical origins to fulfill utilities' uncovered requirements.

Tier-One Production Capacity(million lbs - 100% basis)
Cigar Lake
McArthur River/ Key Lake
Licensed Production Capacity
Reactors under construction

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.