In July, when Cameco reported its second-quarter results, it noted the addition of 45 million lb. of uranium to the contract portfolio since January. That number had grown to 50 million lb. early in October.
“This quarter, we have provided a further glimpse into our pipeline of contracting discussions because it has us pretty optimistic,” Gitzel said on the call.
Pending the new contracts’ finalization, the total volume of uranium successfully contracted since the beginning of 2022 is expected to be about 77 million lb. The total volume of conversion services contracted is expected to be about 14.5 million kg of uranium.
“Our pipeline of contract discussions remains large, and we expect to see more long-term demand to come to the market. We will continue to exercise strategic patience in our contracting activity,” said Gitzel.
