BUZZ-Cameco rises as Poland and Canada sign nuclear power cooperation deal

Reuters

2025/01/28

** U.S.-listed shares of Canadian uranium supplier Cameco CCJ.N rise 2.1% to $48.50 premarket

** Poland and Canada sign agreement that provides a legal framework for more intensive cooperation on nuclear power

** Poland is working to reduce its reliance on coal and has chosen Westinghouse Electric to build its first nuclear plant on the Baltic Sea coast; financing is still not fully agreed

** Cameco had acquired Westinghouse Electric in partnership with Brookfield Asset Management BAM.TO alongside its affiliate Brookfield Renewable Partners BEP.N in 2023

** Stock was up 9.1% in 2024

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

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