Saskatchewan uranium company clarifies U.S. reactor deal concerns

Cameco Corp. CEO Tim Gitzel clarified that the recent $80 billion nuclear reactor deal with the U.S. government does not involve Cameco’s uranium mining business. The agreement focuses on financing and permitting for new reactors utilizing Westinghouse technology, which Cameco co-owns. COO Grant Isaac emphasized the U.S. role as a catalyst for energy security, exploring various project ownership options. Cameco also reported a quarterly net loss but raised its annual dividend from 16 cents to 24 cents.