Cameco (TSX:CCO) Stands To Gain From Westinghouse's $17.5 Billion DOE Loan Backing
US Department of Energy issues a conditional commitment of up to US$17.5b in loans to support deployment of Westinghouse AP1000 reactors. Funding aims to secure long-lead components and speed construction of up to 10 AP1000 units across the United States. Cameco (TSX:CCO), as a major stakeholder in Westinghouse, gains direct exposure to expanded reactor deployment and related fuel supply needs. Cameco, one of the largest uranium-focused companies globally, now sits closer to the center of...