Why These 3 Nuclear ETFs Are Getting a Fresh Look as AI Power Demand Rises Cameco (NYSE:CCJ) said its 2026 annual plan remains intact as it navigates temporary operational disruptions at its Saskatchewan uranium assets and sees strengthening conditions in long-term uranium…
ntracting and nuclear-power development. Chief Executive Officer Tim Gitzel said the company is on track with its expectations for the year, citing growing government, utility and industry support for nuclear energy as a source of energy security, national security, economic competitiveness and decarbonization. – Uncle Sam Plugs In: Nuclear Energy’s Cash Flow Moment Is Finally Here “The next phase of nuclear growth will be defined by delivery,” Gitzel said, pointing to policy support, reactor life extensions, uprates, fuel-security initiatives and new-build discussions globally
He highlighted Canada’s nuclear energy strategy, released in June, and a U.S. Department of Energy conditional commitment to support AP1000 reactor deployment. Production outlook maintained despite operational interruptions Cameco maintained its 2026 production outlook for its share of uranium output at between 19.5 million and 21.5 million pounds of U3O8.
The company said spring road conditions disrupted northern supply routes during the second quarter, contributing to temporary unplanned disruptions at Key Lake and McArthur River. – AI’s Power Problem Is Turning Nuclear Stocks Into a Bigger Market Story After the quarter ended, Cigar Lake production was also suspended for a couple of weeks because of operational challenges, Gitzel said. The company said it addressed the developments without changing its annual production forecast. “Safely operating complex, heavily regulated uranium mining and milling assets in remote northern Saskatchewan is never without challenges,” Gitzel said. He said the events underscored the importance of flexibility in Cameco’s supply strategy, operating experience and risk management.