Australian uranium stocks gain after Google's power deal with Constellation Energy

Constellation Energy

07/10/2026 02:03

** Australian uranium miners jump after Google GOOGL.O signed a power deal with Constellation Energy CEG.O - the largest US nuclear power plant operator 
** GOOGL enters multi-year deal to buy 3,590 megawatts of power from CEG; new nuclear energy accounts for about a quarter of supply - companies say
** Uranium is primarily used as fuel for nuclear power plants to generate low-carbon electricity
** Shares of Boss Energy BOE.AX rise 9%, hitting their highest level since September 29, while Paladin Energy PDN.AX gains over 6%
** Deep Yellow DYL.AX gains nearly 10%, logging their biggest intraday pct gain since September 3
** DYL & PDN among the top gainers on broader ASX200 benchmark index .AXJO, which trades flat
     

(Reporting by Rajasik Mukherjee in Bengaluru)
((Rajasik.Mukherjee@thomsonreuters.com))