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Q: I have followed nuclear energy and Cameco for about three decades. It has been a tough investment environment for most of this time. We now are seeing a dynamic change in sentiment and planned expansion in this part of the energy sector. As an optimistic investor heavily invested in uranium stocks, I expect to have further capital gains as nuclear plants are built. However, it appears that some of the new modular reactors will use spent fuel rods as the source of uranium to run their reactors. Do you see this having a significantly negative impact on uranium demand going forward? Also, will the BEPís Westinghouse purchase be material to the company in an expanding demand for nuclear energy?
With appreciation,
Read Answer Asked by Ed on June 18, 2024
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