Cameco Welcomes Commencement of Canada-India Nuclear Co-operation Agreement



Cameco (TSX: CCO; NYSE: CCJ) welcomes the Government of Canada’s announcement that the nuclear co-operation agreement (NCA) between Canada and India has been concluded and is now in force. 

The NCA between Canada and India was initially signed in 2010, with the completion of the appropriate arrangements – detailing aspects such as monitoring and reporting requirements – announced on April 8, 2013. A recent exchange of diplomatic notes between the two governments now completes the negotiation process and brings the agreement into force. 

“India has one of the most aggressive growth plans for nuclear energy in the world,” said Tim Gitzel, Cameco’s president and CEO. “The completion of the Canada-India NCA now gives us the ability to supply Canadian uranium to this important future growth market, which will mean more jobs, more investment and more development here in Canada.” 

Gitzel commended the Government of Canada and Government of Saskatchewan for persevering to open up the Indian market and securing assurance that Canadian uranium would be used exclusively for peaceful purposes. 

There are currently 20 operating reactors in India and it is expected that 32 reactors will be operating by 2021.


Cameco, with its head office in Saskatoon, Saskatchewan, is one of the world’s largest uranium producers. The company’s uranium products are used to generate electricity in nuclear energy plants around the world, providing one of the cleanest sources of energy available today. Cameco’s shares trade on the Toronto and New York stock exchanges. 

As used in this news release, “Cameco” or the “company” means Cameco Corporation, a Canadian corporation and its subsidiaries and affiliates unless stated otherwise.

- End -

Investor inquiries:
Rachelle Girard
(306) 956-6403

Media inquiries:
Rob Gereghty
(306) 956-6190