An operator maneuvers a forklift at Cameco’s uranium milling facility located in Key Lake, Saskatchewan. (Photo Credit: provided image/Cameco) Trade agreements allow Saskatchewan’s Cameco to deliver $2.6 billion worth of uranium to India as part of an energy arrangement on March 2, 2026, at 9:45 AM.
A company from Saskatchewan is poised to export billions in uranium to India following a new energy agreement finalized on Monday.
Saskatchewan Uranium Export Agreement
On Monday, Saskatchewan Premier Scott Moe observed the signing of an agreement between Cameco and the Indian Department of Atomic Energy, accompanied by Prime Minister Mark Carney and Indian Prime Minister Narendra Modi. Moe participated in the prime minister’s week-long trade mission to India, aiming to enhance trade in uranium, potash, and agricultural goods.
The Government of Saskatchewan has announced that Cameco will export $2.6 billion worth of uranium to India over a span of nine years. This new agreement supersedes a five-year contract established in 2015, with the province highlighting that the current deal is almost ten times more valuable than its predecessor.
“We recognize Saskatchewan’s capability to deliver the energy the world requires to fuel the economies of the future, and it’s encouraging to see India appreciate the energy security we can offer,” Moe stated in a press release.
