With this agreement, Cameco expects to ship $2.6 billion worth of uranium to India over a nine-year term. The new agreement replaces a five-year agreement from 2015 and is nearly 10 times the value at the time of announcement in 2015.

The Saskatoon Chamber welcomes the continued strengthening of the Canada-India uranium trade relationship through a new deal signed between the two countries. After nearly a decade of strained trade relations between our two nations, the federal government is advancing Canada’s position as a global supplier of responsibly produced nuclear fuel, leveraging Saskatchewan leadership and industry.

Expanding access to fast-growing markets like India reinforces Canada’s energy leadership and provides long-term demand certainty for our Saskatchewan-based uranium sector.

For Saskatoon, this impact is direct. As home to industry leaders such as Cameco, NexGen Energy, Orano Canada, Paladin Canada, and IsoEnergy; research and development leaders like the Saskatchewan Research Council; and, a deep network of engineering firms, equipment suppliers, and logistics operators, Saskatoon sits at the heart of Saskatchewan’s global uranium production and value chain. It all translates into solid contracts, ongoing projects, real jobs and economic growth here at home.

More on the agreement here.
More on the landmark deal signed with Cameco.