Cameco (CCO) was up 7% after announcing a nine-year, $2.6B uranium supply agreement with India’s Department of Atomic Energy - which should add nearly 10% to the company’s top line…

… once deliveries start in 2027. In total, the contract represents nearly 22M pounds of uranium ore - more than Cameco currently produces annually…

… which should be delivered at strong economics, with global supply of the nuclear feedstock still lagging demand.

That imbalance should keep Cameco busy, alongside its recent $80B nuclear reactor deal with the US government.

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