Cameco Corp Signs $1.9 Billion Uranium Supply Deal with India During Carney's Visit
STRATEGIC MINERALS
Cameco Corp signed a C$2.6 billion ($1.9 billion) uranium supply deal with India for 22 million pounds from 2027 to 2035. This agreement marks a reset in Canada-India relations following tensions in 2023.
Both nations aim to double trade to $70 billion by 2030 and signed agreements for cooperation in energy, critical minerals, and technology, including a new Comprehensive Economic Partnership Agreement. Carney's visit also emphasized collaboration in space and artificial intelligence, with Indian firm HCL Technologies expanding its operations in Canada. Despite ongoing security concerns, the focus remains on economic ties and energy demands.

Mar 2, 2026, 4:36 PM