Cameco Corp. (CCJ) Hits New 52-Week High on US Uranium Support, Slovakian Firm Deal

Group 1 - Cameco Corp. achieved a new 52-week high of $86.37, reflecting a 10.57% increase during trading [1][2] - The surge in Cameco's stock price is attributed to a long-term uranium supply agreement with Slovenské elektrárne, which will support their nuclear facilities from 2028 to 2036 [2] - The agreement is seen as a strategic move for both Cameco and Slovenské elektrárne, enhancing energy security in Slovakia and diversifying supplier sources [2] Group 2 - The US government's support for the expansion of the uranium sector has positively impacted Cameco and its peers in the industry [2] - CEO Tim Gitzel emphasized Cameco's role in meeting Slovakia's nuclear fuel needs and expanding its global commercial portfolio [2] - Slovenské elektrárne's leadership highlighted the importance of the contract for reducing dependence on a single supplier and ensuring smooth operations of their nuclear power plants [2]