Cameco Corp gains on partnership with US for $80 bln nuclear power push

Cameco

28/10/2025 09:47

** U.S.-listed shares of Canadian uranium supplier Cameco Corp CCO.TO, CCJ.N rise 13.5% to $98.35 premarket

** Company, along with Brookfield Asset Management BAM.TO and Westinghouse Electric Company, enters a partnership with the U.S. government to accelerate the deployment of nuclear power

** Partnership aims to build at least $80 billion worth of new nuclear reactors across the country

** The reactors are expected to generate reliable and secure power for the U.S. grid, for data center operations and compute capacity

** Until last close, stock was up 68.5% YTD

 (Reporting by Pooja Menon in Bengaluru)

 ((Pooja.Menon@thomsonreuters.com;))