Uranium miners up as Canada to expedite approval of new nuclear projects

Nexgen Energy

01/03/2024 17:56

** Shares of North American uranium companies jump on report
of Canada expediting approval process for new nuclear projects
    ** Reuters reported that while the new process would not
exclude them from the federal environmental review, Canada would
treat expansions of existing nuclear sites differently from new
facilities
    ** Canada is the world's second-largest uranium producer,
and its 19 nuclear reactors produce 14% of the country's
electricity
    ** Canadian uranium miners Cameco  CCO.TO , NexGen Energy
 NXE.TO  and Denison Mines  DML.TO  jump between 4% and 9%
    ** U.S. companies Energy Fuels  UUUU.K , Uranium Energy
 UEC.N , Ur-Energy  URG.N  up between 2% and 7%

 (Reporting by Seher Dareen in Bengaluru)
 ((Seher.Dareen@thomsonreuters.com; If in India call +91 74832
70128, if within U.S. call +1 646 223 8780;))