Cameco soars to all-time high on US partnership for $80 billion nuclear power push

Cameco

28/10/2025 16:02

Updates

** Shares of Canadian uranium supplier Cameco Corp CCO.TO surge 22.2% to all-time high of C$148.16

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

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

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

** "We think the announced partnership between Cameco, Brookfield, and the U.S. Government to support deployment of Westinghouse reactor technology in the U.S. is positive for Cameco and shares should be up today on the news," RBC Capital Markets analysts says

** Including session's moves, stock up 98.1% YTD

 (Reporting by Pooja Menon in Bengaluru)

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