Cameco Corporation announced the finalization of a new long-term agreement to supply natural uranium hexafluoride (UF6) to Slovenské elektrárne (SE), Slovakia's largest electricity producer. This agreement encompasses both uranium and conversion services, ensuring a diversified and secure source of natural UF6 for SE through 2036.
The supplied material is slated to support operations at SE’s Bohunice and Mochovce nuclear facilities, with deliveries commencing in 2028. This contract marks Cameco's entry into a new market, expanding its global commercial portfolio and reinforcing its role in enhancing energy security in the European region.
Tim Gitzel, Cameco CEO, highlighted the importance of conversion as a critical part of the nuclear fuel cycle and expressed pride in helping Slovakia meet its nuclear fuel needs. The agreement is strategic for Slovenské elektrárne, allowing it to diversify suppliers and reduce dependence on a single source, thereby guaranteeing the smooth operation of its nuclear power plants.
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