Cameco to supply Slovakian plants under long-term agreement

Monday, 15 September 2025

The long-term agreement between the Canadian uranium company and Slovenské elektrárne consists of uranium and conversion services to support operations at its nuclear plants until 2036.

Cameco to supply Slovakian plants under long-term agreement — Representatives of both companies marked the agreement at an event in London recently (Image: Cameco)

"Cameco is proud to play an essential role helping Slovakia meet its nuclear fuel needs. With this long-term agreement, we are adding a new market to our global commercial portfolio and supporting Slovakia with a stable, reliable supply of uranium fuel that is expected to enhance energy security in the region," said Cameco CEO Tim Gitzel.

Conversion is the chemical process in which uranium oxide (U3O8) is refined to uranium dioxide (UO2), which can then be converted into uranium hexafluoride (UF6) gas, in which form it is suitable for enrichment. This is one of the most critical parts of the nuclear fuel cycle, Slovenské elektrárne Chairman and CEO Branislav Strýček said.

"Slovenské elektrárne has succeeded in securing a long-term and reliable supply of a significant share of this key raw material until 2036, which is a significant step for Slovakia's energy security. The contract is strategic for Slovenské elektrárne - allowing us to diversify our suppliers, reduce our dependence on one source, and at the same time guarantee the smooth operation of our nuclear power plants," he added.

Details of the contract are commercially confidential, although Cameco said the material will "support operations" at the two Slovakian plants - Bohunice and Mochovce - starting in 2028.