Shares of Cameco Corporation, one of the world's largest publicly traded uranium producers, moved higher following an announcement by Urenco that it plans to add 2.1 million separative work units of uranium enrichment capacity at its existing facility in New Mexico. The Urenco expansion signals growing confidence among nuclear fuel producers in long-term demand from utilities restarting reactors and building new nuclear capacity to meet electricity demand from data centers and AI infrastructure.
Cameco trades on both the New York Stock Exchange and the Toronto Stock Exchange under the ticker CCJ and CCO respectively. The Saskatchewan-based company operates mines at Cigar Lake, McArthur River, and Key Lake in Canada, and recently increased its ownership stake in Cigar Lake, one of the highest-grade uranium ore bodies in the world, to 57.418 percent.
Urenco's planned capacity addition at its Louisiana Energy Services facility in Eunice, New Mexico would increase its ability to enrich natural uranium into enriched uranium product suitable for commercial nuclear reactor fuel. Enrichment capacity is a bottleneck in the nuclear fuel supply chain, and Urenco's investment is expected to support utility customers seeking greater supply chain security for long-term fuel procurement contracts.
The uranium market has attracted significant investor attention in 2025 and 2026 as nuclear power has re-emerged as a priority in US energy policy. Data center operators have signed power purchase agreements with nuclear plant owners, and several reactor restart and new build projects have advanced regulatory review.
Source: GuruFocus -- https://www.gurufocus.com/news/8898314/cameco-ccj-stock-soars-on-urencos-expansion-announcement