Aussie uranium miners gain after Meta signs nuclear power deal with US firm

Boss Energy

04/06/2025 03:21

** Shares of Australian uranium miners Paladin Energy PDN.AX, Boss Energy BOE.AX and Deep Yellow DYL.AX rise between 4.7% and 6.9%

** Tech giant Meta META.O inks a deal with Constellation Energy CEG.O to keep one of the utility's reactors in Illinois operating for 20 years

** Uranium, a key fuel for nuclear reactors, is seeing rising demand due to the rapid expansion of artificial intelligence and energy-hungry data centers

** PDN stock among top gainers in the benchmark ASX200 index .AXJO

** PDN, BOE, DYL mark their biggest intraday percentage gain since May 26

** YTD, BOE up 56%, DYL up over 12%, PDN down 22%, including the day's move

 (Reporting by Rajasik Mukherjee in Bengaluru)

 ((Rajasik.Mukherjee@thomsonreuters.com))