Uranium price hits 19-year high

Uranium prices closed September at $96.50 per pound, the highest month-end reading in Cameco's data since 1996.

Stifel raises uranium forecast

Stifel increased its long-term uranium price forecast to $120 per pound from $105, citing market vulnerability to supply shocks.

Cameco stock drops 3.7% for year

Cameco closed at $88.06 on October 9, down 3.7% for the year and well off its 52-week high of $135.24.

Cameco's realized price lags spot market

Cameco's realized uranium price in Q2 was $67.79 per pound, while spot market averaged mid-$80s and ended September at $89.63.

Utilities reluctant to lock in contracts

Utilities show 'sticker shock on pricing' and are hesitant to commit to long-term contracts at current levels despite record prices.

“sticker shock on pricing”

AI deals drive nuclear demand

AI companies signed nuclear deals committing to nearly 10 gigawatts of capacity, including Microsoft's $16 billion Three Mile Island restart.

Kazatomprom cuts 2026 production target

Kazatomprom reduced its 2026 uranium production target by 10% due to sulfuric acid shortages and equipment delays.

Cameco's operational risks grow

Cameco faces development delays at McArthur River and a $559 million transfer-pricing dispute with Canadian tax authorities.

Google signs nuclear power deal

Google and Constellation Energy signed a 20-year power purchase agreement for 890 megawatts from nuclear units in Illinois, Pennsylvania, and New Jersey.