Uranium miners rise as US DOE pushes for enrichment contracts for HALEU

Denison Mines

10/01/2024 12:29

** Shares of uranium companies extend gains on Wednesday as U.S.
seeks bids from contractors to help establish a domestic supply
of uranium fuel enriched to higher levels
    ** U.S. Department of Energy on Tuesday said it has
about$500 mln in funding from the 2022 Inflation Reduction Act
for HALEU, or high assay low enriched uranium fuel
    ** Uranium prices  UXXc1  hit $94/lbs, highest since
2007-end
    ** U.S. companies Energy Fuels  UUUU.K  and Uranium Energy
 UEC.N  up 2% and 0.7%, respectively, premarket
    ** Global X Uranium ETF  URA.P  climbs 1.5% before the bell
    ** Shares of London-listed uranium fund Yellow Cake Plc
 YCA.L  hit record high on Tuesday and extended gains, rising
~2.9% to 661p on Wednesday
    

    

 (Reporting by Seher Dareen)
 ((Seher.Dareen@thomsonreuters.com;))