Uranium Prices Hit a 19-Year High While Cameco Stock Keeps Falling

Uranium Price Update: Q1 2026 in Review

Uranium shook off its mid-year slump in the third quarter of the year, with the long-term price setting a record and equities posting double-digit monthly gains.The U3O8 spot price started the period at US$85.92 per pound and reached a Q3 high of US$90.49 on August 27. The energy fuel ended September at US$89.50, a 4.17 percent increase over the three month period. Since briefly spiking to US$101 in late January, spot U3O8 has stayed lower, trad…

Uranium Prices Hit a 19-Year High While Cameco Stock Keeps Falling

Cameco shares sank to $85.18 on October 2 even as the long-term uranium price hit $96.50 a pound, a 19-year high. Realized prices near $65 a pound, stalled term contracts, and mine delays explain the gap.