Cameco's $80B Nuclear Push with Westinghouse Reshapes US Energy Future
Cameco Corporation recently held its Fourth Quarter and Annual 2025 earnings call from its Saskatoon headquarters. The session took place on Treaty 6 territory, recognised as the traditional land of the Cree people and the homeland of the Métis. Among the attendees were top executives, financial analysts, and representatives from major institutions.
During the call, updates were shared on the company's growing collaboration with Westinghouse Electric Company. Recent developments include a memorandum of understanding with Tetra Tech Canada and a multibillion-dollar partnership with the US government for reactor deployment.
The earnings call was led by Cameco's leadership team, including CEO Timothy Gitzel, CFO Grant Isaac, and Senior Vice President Cory Kos. Analysts from firms like Goldman Sachs and BMO Capital Markets joined the discussion, asking questions about financial performance and strategic moves.
Earlier in the week, the US Department of Energy had requested a meeting in Washington, D.C., which coincided with the timing of the call. This meeting highlighted the company's expanding role in nuclear energy projects.
Cameco's partnership with Westinghouse has made significant progress since its last public update. On January 28, 2026, Westinghouse signed a memorandum of understanding with Tetra Tech Canada for AP1000 and AP300 reactor projects in California. Additionally, in October 2025, Westinghouse—alongside Brookfield—secured a strategic agreement with the US government. This deal involves at least $80 billion in investment for reactor deployment, reinforcing Cameco's position in the nuclear sector.
The earnings call confirmed Cameco's deepening involvement in major nuclear energy initiatives. With Westinghouse's recent agreements and substantial US government backing, the company is set to play a key role in upcoming reactor projects. Further details on these developments are expected as plans move forward.
