Cameco Stock news
On September 24, 2026, Cameco Corporation (FRA: CJ6) announced it has been awarded a $150 million contract by the U.S. Department of Energy (DOE) to establish domestic production of High--Assay Low--Enriched Uranium (HALEU). This strategic award, executed in collaboration with Westinghouse, focuses on the development of enrichment infrastructure at the Port Hope facility to supply the burgeoning small modular reactor (SMR) market. The agreement is described by analysts as a "critical pillar" for the Western nuclear fuel cycle, expected to bolster Cameco's long--term earnings profile by diversifying its fuel services into the advanced reactor sector. Initial commercial deliveries are scheduled to begin in the fourth quarter of 2028. Management is expected to provide further technical specifications on the HALEU project during the upcoming Investor Technology Day on October 15, 2026.