The CEO of Uranium miner Cameco Corp. said the winds have shifted on nuclear fuel, particularly as the war in Ukraine has created demand in countries that had previously relied on Russian supplies.
The CEO of uranium miner Cameco Corp. said the winds have shifted on nuclear fuel, particularly as the war in Ukraine has created demand in countries that had previously relied on Russian supplies.
“Nuclear is back on with a vengeance the Russia situation has just really pushed it forward,” Gitzel said in a television interview. “Things are looking really good for us.”, reporting a loss in the last quarter and revenue 10 per cent higher than a year earlier. Now, the conflict in Ukraine has created new concerns about power supply, particularly as Russia was once a major supplier of nuclear power to much of the world.
“It's more than a commercial transaction,” Gitzel said. “Those are our friends over there and we see what they're going through and we wanted to step up and help.”
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