Canada-India Uranium Deal Raises Pakistan's Concern
Analysis based on 18 articles · First reported Mar 05, 2026 · Last updated Mar 05, 2026
The agreement between Canada and India is expected to positively impact the nuclear energy sector, particularly for Cameco, by securing a long-term uranium supply deal. However, the geopolitical concerns raised by Pakistan could introduce uncertainty in regional defense and non-proliferation markets.
Canada and India have concluded a long-term uranium supply agreement worth $2.6 billion, with Canada's Cameco supplying 22 million pounds of uranium to India's India===Department of Atomic Energy between 2027 and 2035. The deal also includes cooperation on small modular reactors and advanced nuclear technologies, marking a significant improvement in bilateral relations. Pakistan has expressed strong concerns, stating that this arrangement is a 'country-specific exception' that undermines global non-proliferation efforts and could enable India to expand its nuclear arsenal, thereby destabilizing the strategic balance in South Asia. Pakistan highlighted that India has not placed all its civilian nuclear facilities under International===International Atomic Energy Agency safeguards and questioned the non-proliferation assurances of the deal.
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