Cameco (CCJ) Soars Hits Record High on $80-Billion Govt Deal

Group 1 - Cameco Corp. has reached a new 52-week high following an $80 billion investment partnership with the US government and Brookfield Asset Management to support nuclear energy growth [1][2][3] - The partnership aims to deploy new reactors using Westinghouse technology across the US, addressing the increasing energy demand from AI data centers [2][4] - The deal includes profit-sharing mechanisms for all parties involved once specific thresholds are met [3] Group 2 - CEO Tim Gitzel emphasized that the collaboration with the US government will enhance global growth opportunities for both Westinghouse's and Cameco's nuclear products, services, and technologies, contributing to energy, national, and climate security [4] - The optimism surrounding the US government's support for the uranium industry has positively impacted other listed uranium stocks as well [5]