Uranium Energy (UEC) shares rose 17% in recent Friday premarket activity, while Energy Fuels (UUUU) stock was up 16% and Centrus Energy (LEU) shares jumped over 22% as US President Trump is expected to sign executive orders Friday to ease regulatory requirements on approvals for new reactors and enhance fuel supply chains, Reuters reported Thursday, citing four unnamed sources familiar with the plan.
The president will invoke the Defense Production Act as well to impose a national emergency over the country's dependence on China and Russia for enriched uranium, nuclear fuel processing, and advanced reactor inputs, the report added, citing a draft summary of the orders.
Oklo (OKLO) shares were also 20% higher, while Nano Nuclear Energy (NNE) was up 17% after the Reuters report.
The summary also directs the US Departments of Energy and Defense to locate federal lands and sites for nuclear deployment, the report said.
Constellation Energy (CEG) shares were up 5.3%, while GE Vernova (GEV) stock was up 3%, and Vistra (VST) climbed 4%.
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