India, Canada Finalize Critical Minerals Agreement; Uranium Collaboration Highlighted

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India, Canada Ink Landmark $1.9 Billion Uranium Deal, Boost Critical Minerals & Tech Ties

PM Modi announced the "landmark deal" for long-term uranium supply and said the two sides would deepen cooperation across renewable energy, critical minerals, nuclear power, technology and advanced research.

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Moneycontrol•02-03-2026, 13:30

India, Canada Ink Landmark $1.9 Billion Uranium Deal, Boost Critical Minerals & Tech Ties

•India and Canada signed a critical minerals MoU and a $1.9 billion uranium supply deal during Canadian PM Mark Carney's visit.
•Cameco Corp. will supply 22 million pounds of uranium to India from 2027-2035 to support India's nuclear expansion goals.
•Agreements cover nuclear power, renewable energy, advanced technologies, space, AI, quantum computing, and semiconductors.
•Canada joined the International Solar Alliance and Global Biofuel Alliance, aligning with India's clean energy initiatives.
•The deals aim to stabilize bilateral relations and deepen economic engagement, with plans for a Comprehensive Economic Partnership Agreement.

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