Aussie Uranium miners' climb after Trump signs orders to boost industry

DEEP YELLOW

26/05/2025 01:56

Refiles to fix punctuation error in headline

** Shares of uranium miners Boss Energy BOE.AX, Deep Yellow DYL.AX and Paladin Energy PDN.AX rise between ~9% and ~11%, among the top gainers on the benchmark ASX200 index .AXJO

** U.S President Donald Trump on Friday signed executive orders seeking to jumpstart the nuclear energy industry

** Jefferies says that the signings mark the most aggressive U.S. intervention in the industry in decades

** Brokerage sees the U.S. nuclear capacity could grow, raising U3O8 demand to 55–60 million pounds per year by 2035

** Citi also notes that new orders may nearly double U.S.-driven global uranium demand

** Jefferies ups price target for BOE, DYL and PDN

** YTD, BOE up 78.6%, DYL up 22.7% while PDN down 16.7%

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))