U.S., Cameco and Brookfield Partner on $80B Nuclear Project

Brookfield Asset Management and Cameco announced a partnership with the U.S. government to build at least $80 billion of Westinghouse AP1000 nuclear reactors aimed at bolstering U.S. energy security and supporting domestic AI infrastructure. Senior administration officials framed the move as a national-security priority, and Brookfield said the pact would underpin a substantial increase in its infrastructure investment over the next decade. Key financial terms remain opaque, and earlier reports that detailed a Commerce Department role and a specific government profit‑sharing stake have not been fully confirmed. The announcement sparked sharp rallies across nuclear-related stocks and ETFs, including Cameco and small-modular reactor developers, though some names have since pulled back amid valuation debate. Brookfield CEO Bruce Flatt discussed the deal’s strategic importance publicly, and market commentators have reiterated renewed confidence in nuclear names as investors weigh opportunity against current valuations.