Cameco Partners with U.S. and Brookfield to Boost Nuclear Reactors

Cameco Corporation, along with Brookfield Asset Management, has entered into a strategic partnership with the United States Department of Commerce to accelerate the global deployment of Westinghouse Electric Company’s nuclear reactor technologies. The partnership involves an aggregate investment value of at least $80 billion, aimed at constructing new Westinghouse nuclear reactors in the U.S. These reactors are expected to generate reliable and secure power for the American grid, including powering significant data center and compute capacity to drive growth in artificial intelligence. The partnership also includes a profit-sharing mechanism, where the U.S. Government will receive 20% of cash distributions exceeding $17.5 billion once certain conditions are met. The partnership is expected to bolster confidence in the durable growth profile for nuclear power and support increased demand for Westinghouse’s and Cameco’s products, services, and technologies.