Strategic Partnership & Investment - A strategic partnership between Cameco, Brookfield, and the US Department of Commerce aims to accelerate the global deployment of Westinghouse nuclear technologies[9] - The US Government will facilitate financing and approvals for new Westinghouse reactors in the US, with an aggregate investment value of at least $80 billion (US)[9] - The US Government will receive 20% of cash distributions exceeding $17.5 billion (US) from Westinghouse upon vesting[9] - An IPO of Westinghouse may be required if its valuation reaches at least $30 billion (US) by January 2029[9] Production & Sales Outlook - McArthur River/Key Lake's annual production outlook (Cameco's share) is projected to be 9.8-10.5 million lbs[17] - Cigar Lake's production is expected to reach up to 20 million lbs (100% basis)[17] - Fuel Services anticipates producing 13-14 million kgU of combined products[17] - The company projects uranium sales/delivery volume of 32 to 34 million lbs[19] - Fuel Services sales/delivery volume is expected to be 13 to 14 million kgU[19] Financial Performance - Revenue is projected to be $3,300-3,550 million, with uranium contributing $2,800-3,000 million and Fuel Services $500-550 million[19] - The average realized uranium price is estimated at $87.00/lb[19] - Adjusted EBITDA for Westinghouse is projected to be $525-580 million[19] - Cameco received $171.5 million (US) from Westinghouse related to the Dukovany reactor project[20, 26]