How to buy Cameco (CCJ) stock from India

Yes, an Indian resident can buy Cameco — legally, in US dollars, under the RBI's Liberalised Remittance Scheme (LRS). CCJ trades on both the NYSE and the Toronto Stock Exchange (TSX); use the NYSE listing for LRS purchases. CCJ pays a small annual dividend, so US withholding tax and Form 44 are mildly relevant — but the core story is capital-gains exposure to uranium and the nuclear renaissance.

The 30-second version

• Legal and simple. Buy CCJ via Vested, INDmoney, or Interactive Brokers India using the NYSE listing.
• Small dividend. CCJ pays an annual dividend (approximately $0.12/share in recent years — low yield, high growth potential). File Form W-8BEN with your broker to reduce US withholding from 30% to 15% under the India-US DTAA. Claim the 15% FTC via Form 44 in your ITR.
• India tax on gains: hold more than 24 months → 12.5% LTCG (Section 112); shorter hold → slab rate.
• Estate-tax trap: directly-held CCJ is a US-situs asset — above $60,000 of total US-situs assets, your estate faces up to 40% US estate tax.
• Why it's interesting: Cameco operates the world's highest-grade uranium mines. Every major hyperscaler (Microsoft, Google, Amazon) has signed a nuclear power deal. Uranium is the fuel — and Cameco is the toll booth on Western uranium supply.

Quick facts

Can an Indian resident buy it?	Yes — fully legal under the LRS
Ticker / exchange	CCJ / NYSE (also TSX: CCO — use NYSE)
How	IBKR, Rovia, INDmoney, or Vested
Minimum	A fraction of one share
Dividend	Yes — small annual dividend (~0.3% yield)
India tax on gains	12.5% LTCG after 24 months; else your slab (Section 112)
Dividend tax	15% US WHT (DTAA) + Indian slab on balance; FTC via Form 44
Estate-tax risk	US-situs above $60k → up to 40%, no treaty relief
Annual compliance	Schedule FA + dividend disclosure every year you hold

How to buy it — 3 steps

1. Open an account and finish KYC. Use IBKR for the widest access and best execution, Rovia for a combined RSU + LRS experience, or INDmoney / Vested for a simple India-funded flow. File Form W-8BEN to lock in the 15% DTAA withholding rate on dividends.
2. Fund via the LRS. Cap: $250,000/year. 20% TCS above ₹7 lakh — credit against income tax, not a permanent cost. See LRS explained.
3. Place the order. CCJ trades in the $40–60 range (variable with uranium sentiment). Stagger entries across uranium price cycles — CCJ moves sharply on uranium spot price news and hyperscaler nuclear deal announcements.

What Cameco actually is

Cameco is the world's largest publicly-listed uranium producer. Key assets:

McArthur River / Key Lake (Saskatchewan, Canada): The world's largest high-grade uranium mine — ore grade roughly 20× the global average. Cameco holds 70%; Orano holds 30%. Ramping production toward 18 million pounds/year.

Cigar Lake (Saskatchewan, Canada): Second-largest uranium reserve. Cameco holds 50%.

Westinghouse Electric (49% ownership): Acquired from Brookfield in late 2023. Westinghouse manufactures nuclear fuel, maintains reactor services, and handles decommissioning globally. This segment earns fees regardless of uranium spot prices — it diversifies Cameco beyond pure mining.

Term contract book: Cameco has disclosed long-term uranium supply contracts running to 2040+ at prices averaging above $60/lb — well above historical spot lows. This insulates earnings from short-term uranium price swings.

The investment thesis: the AI buildout requires 24/7 carbon-free power. Nuclear is the only technology that provides it at scale near data centers. Every nuclear reactor requires uranium fuel. Cameco is the highest-quality supplier of that fuel in the Western world.

The tax that actually matters

On capital gains (the main event):

Holding period	Treatment	Rate
24 months or less	Short-term	Your slab rate
More than 24 months	Long-term	12.5%, no indexation

On dividends:

• US withholds 15% (with Form W-8BEN filed; 30% without)
• Remaining 10% dividend income taxed at your Indian slab rate
• Claim the 15% US withholding as a foreign tax credit via Form 44 in your ITR to avoid double taxation

Full rules: how US stocks are taxed in India.

The $60,000 estate-tax trap

Directly-held CCJ (NYSE) is a US-situs asset. Above $60,000 of total US-situs assets at death, US estate tax of up to 40% applies — no India-US treaty relief. See the estate-tax trap guide.

Buy CCJ directly, or through a uranium ETF?

If you want…	Best route
Concentrated Cameco exposure (Tier-1 mines + Westinghouse)	CCJ directly
Broad uranium sector basket	URA (Global X Uranium ETF) — CCJ is ~23% of URA
Pure uranium miner exposure (no utility dilution)	URNM (Sprott Uranium Miners ETF)
Full nuclear investment picture	Nuclear stocks guide for Indian investors