Canadian Miner Exits Nuclear Market

Tim Gitzel, CEO of Cameco, emphasizes the importance of uranium supply for the U.S., which has 94 nuclear plants consuming 50 million pounds annually but produces none. Following a decade of struggles post-Fukushima, Cameco is now thriving, driven by a nuclear renaissance fueled by climate change concerns and energy security. The company recently acquired a 49% stake in Westinghouse Electric for $7.9 billion, aiming to build new reactors in the U.S. amid growing demand for clean energy. Gitzel actively engages with government tariff discussions, highlighting the company’s role in the nuclear sector’s resurgence.

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