Reported Earlier, Cameco Signed A Uranium Supply Agreement With China Nuclear International Corporation
Portfolio Pulse from Benzinga Newsdesk
Cameco has signed a confidential uranium supply agreement with China Nuclear International Corporation. The contract volumes are included in the 215 million pounds of uranium Cameco reported having under long-term contracts as of April 27, 2023, and the reported average annual delivery volumes of 28 million pounds per year from 2023 through 2027.
October 30, 2023 | 5:59 am
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POSITIVE IMPACT
Cameco's new supply agreement with China Nuclear International Corporation could potentially increase its revenue and profitability in the long term.
The supply agreement with China Nuclear International Corporation is a positive development for Cameco as it secures a steady demand for its uranium. This could potentially increase Cameco's revenue and profitability in the long term, hence the positive score. The news is highly relevant and important for Cameco investors as it directly impacts the company's future earnings potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100