THE RIGHT STRATEGY
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 we expect will durably strengthen the long-term fundamentals for 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 sustainably 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 tier-one assets are complemented by our work in other parts of the nuclear fuel cycle, producing fuel and components for reactors around the world.
OPERATING REACTOR GROWTH
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 437 reactors operating globally and 57 new reactors under construction. That growth continues to be led by Eastern countries, with 45 reactors being built in China, India, Africa and the Middle East, and Asia.
LONG-TERM MARKET GROWTH
We believe the current backlog of long-term contracting presents a substantial opportunity. UxC estimates that cumulative uncovered requirements are about 2.3 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.
Caution about Forward-Looking Information
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