v3.26.1
Intangible asset
 12 Months Ended
Dec. 31, 2025
Intangible asset [Abstract]  
Intangible asset
9.
Intangible asset
2025
2024
Cost
Beginning of year
$118,819
$118,819
End of year
118,819
118,819
Accumulated amortization
Beginning of year
78,997
75,242
Amortization charge
3,660
3,755
End of year
82,657
78,997
Net book value at December 31
$36,162
$39,822
The intangible asset value relates
to intellectual property acquired with Cameco Fuel Manufacturing Inc. It is being amortized
on a unit-of-production basis over its remaining life. Amortization is allocated to the cost of inventory and is recognized in cost
of products and services sold as inventory is sold.