Cameco is one of the largest providers of uranium in the world. The company also engages in nuclear fuel processing. Both uranium and nuclear fuel are used in generating electricity.
Cameco has operations in Canada and Kazakhstan with an annual production capacity of 53 million pounds. In addition, the company holds nearly 467 million pounds of mineral reserves and extensive resources on three continents.
The company is in a good position to gain from the world’s rising demand for nuclear fuel which is touted as safe and clean energy. It supplies uranium, which is a critical component used by nuclear energy plants around the world.
Cameco has a presence across the entire nuclear fuel cycle from exploration to fuel manufacturing. The company controls about 25% of world primary conversion capacity and accounts for 9% of the total world production.