- As first reported by Reuters, U.S. President Donald Trump is preparing to sign new executive orders in support of the nuclear industry
- The move seeks to reduce U.S. reliance on Russia and China for the critical mineral
- At the time of writing, uranium was priced at US$70.50 per pound, sitting on an approximately 100-per-cent gain over the past decade
As first reported by Reuters, U.S. President Donald Trump is preparing to sign new executive orders in support of the nuclear industry.
Invoking the Defense Production Act, the orders would declare a national emergency citing U.S. dependence on Russian and Chinese uranium, processing facilities and related equipment, tasking the Department of Energy and the Department of Defense to expedite reactor construction, including the procurement of raw materials.
Should Trump follow through and sign the orders, investor appeal for companies across the uranium supply chain is in for a hefty increase, whether exploring for high-quality resources, developing mines or refining the critical mineral for consumption.
Here are a handful of top-returning stocks as of 12:03 pm ET:
Trump could sign the orders as soon as 1 pm ET, according to Reuters, taking a crucial step towards decreasing a global structural deficit, while fostering industry momentum driven by uranium’s zero-emission profile, high energy density and demand from artificial intelligence threatening to strain legacy electrical grids without new sources of supply.
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