Cameco

Canada's Cameco is one of the world's largest uranium producers, mining and milling the fuel that powers nuclear reactors. Its best assets sit in the Athabasca Basin of northern Saskatchewan, including the McArthur River and Cigar Lake mines, among the richest uranium deposits anywhere. Founded in 1988 and based in Saskatoon, the company also holds a stake in Westinghouse, the reactor and nuclear-services business, and processes and enriches fuel, giving it exposure across much of the nuclear supply chain. Cameco's fortunes rise and fall with the uranium price and with sentiment toward nuclear power, which has turned more positive as governments count on it for low-carbon, reliable electricity. Because it can throttle production, the company has at times deliberately mined less to support prices during weak markets.

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