1043 ET - With the U.S. nuclear power deal, Cameco gets clear visibility for uranium demand, as well as the trajectory for its co-owned Westinghouse Electric. National Bank of Canada's Mohamed Sidibe says the new $80 billion U.S. government partnership is designed to accelerate nuclear deployment and support the growth of AI infrastructure, with Westinghouse AP1000 technology at the core of the program. "This announcement materially increases visibility on Westinghouse's forward workload and Cameco's long-term fuel demand outlook," Sidibe says. The partnership structure grants the U.S. government a participation interest, entitling it to receive 20% of any cash distributions in excess of $17.5 billion made by Westinghouse after the participation interest vests. Westinghouse Electric is owned by Cameco and Brookfield Asset Management. Cameco surges 20%. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

October 28, 2025 10:43 ET (14:43 GMT)

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