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Canada and India are tantalizingly close to a 10-year multibillion dollar uranium supply deal that will likely be signed at a heads of state meeting in March, according to sources from both sides at the recently concluded India Energy Week, held in Goa, India, last week.

Canada is the world’s second-largest producer of uranium, accounting for 13% to 15% of global output, according to the International Energy Agency, while India is the world’s third-largest consumer of energy.

Given its burgeoning economy, India is on a quest for secure uranium supplies as it expands its nuclear power footprint tenfold to 100 gigawatts by 2047, and both sides are looking to partner on that front.

Read more at: https://www.forbes.com/sites/gauravsharma/2026/02/01/canada-nears-3-billion-uranium-deal-with-india-may-be-inked-in-march/