Cameco (CCJ)

The company’s uranium business covers exploration, mining, milling, procurement, and the sale of uranium concentrate. Cameco has interests in high-grade Canadian uranium assets, including operations in Saskatchewan’s Athabasca Basin, and also participates in international supply through joint ventures and commercial purchasing. This upstream footprint is complemented by fuel services activities, which include refining, conversion, and fuel fabrication services that prepare uranium for use in reactors.

Cameco’s profile has broadened through its stake in Westinghouse Electric Company, a leading supplier of technology and services to the nuclear power sector. Westinghouse provides reactor products, engineering support, outage and maintenance services, instrumentation and control systems, plant modifications, and replacement components. This adds exposure to the installed global reactor fleet as well as to new-build and life-extension activity.

For markets, Cameco is closely tied to uranium pricing, utility contracting cycles, nuclear policy, and the pace of reactor construction and restarts. Its distinctive appeal lies in combining uranium production, fuel-cycle capabilities, and reactor-services exposure within a single nuclear-focused investment story.