CAMECO CORP
For the period ended Oct 30, 2026. Filed Oct 30, 2026.
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Oct 30, 2026 · Filed Oct 30, 2026
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EX-99.2 · CAPITAL ALLOCATION FRAMEWORK
CAPITAL ALLOCATION FRAMEWORK
Similar to our capital allocation framework, Westinghouse utilizes an allocation process with an objective to deliver long-term value. Each investment opportunity is evaluated and expected to provide a sufficient risk-adjusted return. Sustaining existing assets and business may be prioritized differently than new investment opportunities. The evaluation of opportunities and capital commitments are formalized through the annual budget process.
Currently, Westinghouse expects to generate sufficient operating cash flow to sustain its Operating Plants business, including expansion of its fuel fabrication initiatives and other strategic growth investments. Due to the demand secured with respect to the deployment of the AP1000, supporting AP1000 growth continues to be a priority. Additionally, Westinghouse continues to focus on strengthening its balance sheet and expects to delever over time, which may include reducing debt. Beyond supporting the existing business, investment opportunities to advance the AP300 SMR design, eVinci microreactor, and other technologies will be prioritized appropriately in line with customer demand.
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