Canada has entered into a nine-year multi-billion dollar uranium supply agreement with India after Prime Minister Mark Carney met with his Indian counterpart Narendra Modi in New Delhi this week.
Carney held discussions with Modi on March 2 before the two leaders announced a series of agreements, including a $2.6 billion deal in which Canadian company Cameco would supply nearly 22 million pounds of uranium to India for use in the country’s fleet of nuclear reactors. Saskatoon-based Cameco, one of the largest global providers of the uranium fuel, said in a statement the deal will run from 2027 to 2035.
