Cameco Corp Gains On Partnership With US For $80 Bln Nuclear Power Push
Reuters
Oct 28
U.S.-listed shares of Canadian uranium supplier Cameco rise 12% to $97.07 premarket.
Company, along with Brookfield Asset Management BAM.TO and Westinghouse Electric Company, enters a partnership with the U.S. government to accelerate the deployment of nuclear power.
Partnership aims to build at least $80 billion worth of new nuclear reactors across the country.
The reactors are expected to generate reliable and secure power for the U.S. grid, for data center operations and compute capacity.
Until last close, stock was up 68.5% YTD.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.