Cameco (TSE:CCO) has released an update.
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Cameco, in partnership with SaskPower and Westinghouse, has signed an MOU to assess the viability of advanced nuclear reactor technology and to develop a nuclear fuel supply chain in Saskatchewan. This collaboration aims to enhance the province’s clean energy production and includes a potential construction of Saskatchewan’s first Small Modular Reactor (SMR) using local uranium, with a final investment decision by SaskPower anticipated in 2029. The partnership also focuses on nuclear research, workforce training, and establishing a local nuclear supply chain.
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