Canadian Cameco meets 100% of Energoatom's fuel needs for nuclear power units of Ukrainian NPPs. The President and Chief Executive Officer of Cameco said this in a video addressed to the participants of the International Conference "Nuclear Possibilities for the Development of the Country: Wartime and Postwar Reconstruction", Tim Gitzel, the press service of "Energoatom" reports.

He also noted that the partnership includes technical recommendations for supporting uranium production in Ukraine.

At the same time, Tim Hitzel expressed confidence that the cooperation between "Energoatom" and Cameco will only strengthen, because Ukraine plans to increase nuclear power. Also, Sameso can support programs for the construction of new power units in Ukraine, while providing nuclear fuel to the existing nuclear park.

"Our partnership would not have been possible without the strong business relations we have built with Energoatom over the past few years," the head of CAMECO emphasized, adding that his company will continue to contribute to the well-being of Ukraine and its people.

We will remind you that cooperation between Energoatom and Sameso began in 2019 with the signing of a Memorandum of Understanding in the nuclear energy sector.

In March 2023, the parties signed bilateral contracts to expand the current cooperation between the companies.

According to the contracts, Sameso must provide 100% of Energoatom's needs for uranium hexafluoride for the Rivne, Khmelnytskyi and South Ukrainian NPPs from 2024 to 2035. Energoatom is also expected to sell domestic uranium to Canada, which is mined in Ukraine at the Eastern Mining and Processing Plant. Conversion of Ukrainian uranium will be provided by Sameso for the needs of Energoatom.

As "Ukrainian Energy" reported, more than a year ago, in September 2023, the first batch of Ukrainian uranium mined at the Eastern GZK was sent to Canada. The company Sameso will use it to produce nuclear fuel for the needs of domestic nuclear power plants.