Nuclear stocks gain after US attack on key Iranian nuclear sites

Energy Fuels

23/06/2025 15:34

Updates

** Shares of nuclear energy companies rise following the United States' attack on three of Iran's main nuclear sites

        ** President Donald Trump said late on Saturday U.S. forces struck Iran's three main nuclear sites, joining Israel's military campaign aimed at preventing Tehran from building an atomic weapon

** If the Middle East conflict escalates, it could lead to broader geopolitical instability and affect uranium supply from key producer Kazakhstan, prompting countries to look elsewhere to secure uranium

** Uranium producers rise: Uranium Energy UEC.A up 2.9%, Centrus Energy LEU.A up 5.5% and Energy Fuels UUUU.A up 1.5%

** Small nuclear reactor developer NuScale Power SMR.N up 5%

** Meanwhile, shares of nuclear utility Constellation Energy CEG.O rise 3.2%, after the Wall Street Journal reports New York is planning to construct a nuclear-power facility, the first major new U.S. plant in over 15 years

 (Reporting by Sumit Saha and Katha Kalia in Bengaluru)

 ((Sumit.Saha@thomsonreuters.com;))