Canada-based uranium company Cameco has signed a uranium supply agreement with China Nuclear International Corporation, a subsidiary of state-run China National Nuclear Corporation (CNNC), one of the country’s largest nuclear power operators.

The contract, finalised earlier this year, was signed at the 2023 International Forum on Natural Uranium Industry taking place in Beijing.

“China is counting on nuclear energy to play a major role in its commitment to achieve net-zero emissions, and CNNC is a large and growing part of that effort,” said Cameco president and chief executive officer Tim Gitzel.