Cameco and Brookfield establish dynamic partnership with United States government to accelerate deployment of Nuclinghouse cleaning solutions

Sandeep S October 28, 2025

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Cameco and Brookfield establish dynamic partnership with United States government to accelerate deployment of Nuclinghouse cleaning solutions

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Forward viewing information

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This news release includes statements and information about Camera’s expectations for the future, which we refer to as forward-looking information. Forward-looking information is information that is not a historical fact. May “understand,” expect, “”, their, “” may, “” May, “” The information that appears to be forwarded is based on the current outlook, which is subject to change, and actual results and events may differ materially from our current expectations from our current expectations. Examples of forward-looking information in this news release include: Anticipation of the acceleration of the global deployment of Westinghouse’s nuclear reactor technologies and the renewal of supply chains and industrial capacity in the US and abroad; expectations regarding the generation of reliable and safe reactors for the American grid, including data center and compute capacity; expectations regarding the US government’s participation in strategic partnerships as a driver of added value, including respect for improved energy, national security and global climate; expectations regarding increased demand for Westinghouse and camera products; The power of the camera to conclude the reliable performance of Westinghouse technology in the US and around the world; expectations about the impact of the launch of the nuclear power plant construction program on the acceleration of the military growth of Westinghouse’s Energy’s Energy Systems Services, Reactor Feact business. expectations regarding Westinghouse’s planned commencement of project execution; the expected acceleration of the growth of nuclear fuel due to strategic cooperation; expectations regarding the planned amount of investment in the construction of a nuclear response capacity in the United States using Westinghouse technology; And expectations regarding the benefit of sharing are involved in good cooperation and participation in it.

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Material risks that could lead to different results include: risks associated with developing and deploying the Westinghouse nuclear reactors; The expected term of the strategic partnership, including any failure to obtain necessary government approvals or third party agreements required to close the strategic partnership or to implement any other conditions in the strategic partnership or implementation of the benefit sharing process; the inability of Westinghouse and the US government to enter into definitive agreements related to strategic transactions or to perform their future obligations related to the proposed STASH PRABLELO transaction; Possible reliance on third parties not related to the placement of orders or other obligations related to the creation and delivery of Nuctouse’s cleaning methods; The existing reliance by the US government on illegal means to make any future commitments to purchase Westinghouse Nuclear Reaction Technology; availability of government funding and support for proposed strategic partnership transactions, including the ability of the Executive Branch of the US Government to obtain funding and support through the appropriations process or from other sources; availability of additional or replacement funds for nuclear reactor projects and operations, if needed; After the execution of the documents of descriptive confirmation made by the parties, the determination of the legal branches, the judiciary or the branches of the federal government or any obligations to support in the future or any other aspect of the transaction proposed by the law; Assessment and treatment and financial treatment and management of various obligations under strategic partnership documents, once executed; Continued demand for nuclear power and increasingly nuclear power markets in general; Future demand for nuclear energy; Investigations, investigation of conmetion, or investigation by other US or non-US authorities, related to good transactions or otherwise; Challenges associated with identifying other locations, sales channels and customers for special nuclear products proposed for strategic transactions where strategic collaborations should be changed or terminated; Camera’s ability to successfully realize the expected benefits of strategic transactions; Groups of groups to comply with the broad legal and regulatory requirements and the promotion associated with the association with government partnerships and contracts; Changes in energy, artificial intelligence and other policies and priorities of US and foreign governments; Fluctuations, variations and uncertainties in demand and market prices for nuclear power and renewable energy; possible adverse reactions or changes in business relationships resulting from the announcement, negotiations or implementation of the STRIMENTSTION; difficulties and uncertainties in building and operating new nuclear projects; Macroeconomic and infant geopolitical conditions and conflicts; Risks associated with Westinghouse’s Compleve Supply Chain Teach that support its nuclear reactors, including disruptions, delays, disagreements or conflicts or conflicts or conflicts or developments; volatility and uncertainty in relation to international trade policies; Risks associated with the development and use of Nuclinghouse hot methods, including product defects; potential safety risks at the Westinghouse reactors; and the risk of conflicts between parties in strategic transactions.

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In presenting the forward-looking statements, cameco has made material assumptions that may appear incorrect regarding: The success of Westinghouse Recork Technology and Weftlinghouse’s ability to build and start commercial operations at new large nuclear plants; The ability of the Westinghouse government and the US government to enter into agreements defining their future obligations related to the transactions contemplated by the Nuclear Reacloor partnership and to undertake a benefit sharing exercise; availability of government funding and support for proposed strategic partnership transactions, including any future commitments to purchase Westinghouse Nuclear Reaction Technology; availability of additional or replacement funds for nuclear reactor projects and operations, if needed; Assessment and treatment of finance, tax and accounting of various obligations and commitments under strategic cooperation documents that continue the continued demand for nuclear energy, and the growth of nuclear energy markets further; Future demand for nuclear energy; Estimates and forecasts of Camera’s financial position, operating results and other financial and operational performance metrics; Westinghouse’s ability to make distributions to its partners; Westinghouse’s ability to mitigate operational risks and any disruptions, delays, disagreements, disputes or shortages; that there will be no serious adverse effects on strategic inquiries leading to business disruption or economic or political uncertainty; that the parties will comply with their obligations under the strategic partnership; and that Westinghouse will end up defending the nuclear damage liability.

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Please review the discussion in Cameco’s 2024 MD MD MD & A, 2025 second quarter 2025 & most recent annual form for other risks that may affect realistic expectations, and other considerations we have made. We will not update this information unless required by security laws.

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One side of the face

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Camera is one of the world’s largest suppliers of the Uranium oil needed to power a secure energy future. Our competitive position is based on our acquisition of the world’s highest cattle ownership and low costs, and leading investments in the entire nuclear cycle, including ownership interests in Westinghouse Electric Company and Global Laser Enrichment. Utilities around the world depend on Cameco to provide global nuclear fuel solutions for safe, reliable, carbon-free nuclear power generation. Our shares trade on the Toronto and New York Stock Exchanges. Our Head Office is located in Saskatoon, Saskatchewan, Canada.

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As used in this news release, the terms we, us, company and cameco refer to Cameco Corporation and its subsidiaries unless otherwise indicated.

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View the source version at Businesswire.com:

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https://www.businesswire.com/news/home/20251027861514/en/

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