Cameco (CCJ) Secures Major Uranium Contract With India

NodeGuardian · 2026-03-15T11:50:34+00:00

Cameco Corporation has secured a $2.6 billion uranium supply agreement with India for 22 million pounds between 2027 and 2035, marking its entry into India's nuclear market. Analysts have upgraded Cameco's ratings due to favorable uranium prices.

NodeGuardian

2026-03-15 11:50:34

Abstract generation in progress

Cameco Corporation (NYSE:CCJ) has signed a significant nine-year uranium supply agreement with India, valued at $2.6 billion, to provide 22 million pounds of uranium between 2027 and 2035. This deal marks Cameco’s entry into India’s growing nuclear power market, which aims for 100 gigawatts by 2047. Analysts at Raymond James and Bernstein have maintained Outperform ratings for Cameco, raising price targets due to higher uranium prices and the company’s strong position in the mining sector.

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