Shares of NANO Nuclear Energy Inc (NNE) surged 16.79% in pre-market trading on Friday, as investors reacted to reports that President Trump is expected to sign executive orders aimed at revitalizing the U.S. nuclear energy industry. This significant uptick comes amid a broader rally in nuclear-related stocks, reflecting growing optimism about the sector's future.
According to sources familiar with the matter, as reported by Reuters, President Trump could sign these executive orders as early as Friday. The orders are expected to streamline the regulatory process for approving new reactors and strengthen fuel supply chains. Notably, Trump may invoke the Cold War-era Defense Production Act, declaring a national emergency over U.S. dependence on Russia and China for enriched uranium and other nuclear materials.
The anticipated executive orders have sparked a sector-wide rally, with several nuclear energy companies seeing substantial gains. NANO Nuclear Energy's impressive pre-market surge is part of a broader trend, with other companies like Centrus Energy, Oklo, and Energy Fuels also experiencing significant increases. This movement reflects growing investor confidence in the nuclear energy sector as a potential solution in the global efforts to reduce carbon emissions.
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