Cameco Customers

We sell uranium and fuel services directly to nuclear utilities around the world as uranium concentrates, UO2 and UF6, conversion services, or fuel fabrication. We have a solid portfolio of long-term sales contracts that reflect the long-term, trusting relationships we have with our customers.

Uranium

Customers: 

37 nuclear utilities worldwide

  • 58% of volume to Americas (US, Canada, Latin America)
  • 16% of volume to Asia
  • 26% of volume to Europe
  • five largest customers account for 62% of commitments

Commitments:

As of December 31, 2023 approximately 205 million pounds of U3O8 contracted

 

 Uranium Customers
America58
Europe26
Asia16

Conversion – UF6

Customers:

33 nuclear utilities worldwide

  • 50% of volume to Americas (US, Canada, Latin America)
  • 5% of volume to Asia
  • 45% of volume to Europe
  • five largest customers account for 64% of commitments

Commitments:

As of December 31, 2023, over 75 million kilograms as UF6 conversion

 

 Conversion Customers
America50
Europe45
Asia5

Conversion – UO2

Cameco is a leading supplier of uranium dioxide (UO2) used by the Canadian operators of CANDU heavy water reactors.

Conversion – UO3

Cameco provides intermediate fuel services product, uranium trioxide (UO3), through our Blind River refinery – the world's largest uranium refinery.

Fuel Manufacturing

Cameco is one of two nuclear fuel manufacturers in Canada, and the largest Canadian-based supplier of reactor components to CANDU operators in Canada.

Customers:

  • utilities operating CANDU reactors

Products:

  • finished fuel for CANDU reactors
  • specialty alloy products for various CANDU reactor applications

Capacity:

  • 1.65 million KgU as UO2 pellets per year

For more information on Cameco’s marketing activities see our 2023 Q4 MD&A.