Cameco President and COO Grant Isaac confirmed the company is positioned to increase production from low-cost assets.
Isaac emphasized a strategy of supply discipline focused on actual customer needs rather than speculative growth.
The company is prepared to ramp up operations at its McArthur River mine and Key Lake mill.
Current production at these sites ranges from 10 million to 11.5 million pounds of U3O8.
Cameco aims to increase this output to 25 million pounds if market demand rises.
The strategy leverages tier-one assets to respond to a strengthening nuclear energy market.