Uranium stocks gain after Elon Musk calls for more nuclear power

Nexgen Energy

29/08/2022 17:05

** Shares of uranium explorers and suppliers rise
    ** Elon Musk, a proponent of nuclear energy, tweeted on
Friday https://twitter.com/elonmusk/status/1563292201043431424
that "Countries should be increasing nuclear power generation!
It is insane from a national security standpoint & bad for the
environment to shut them down."
    ** Uranium Energy  UEC.N  jumps 11.8% and Centrus Energy
 LEU.N  jumps 10.7%
    ** U.S.- and Canada-listed shares of Nexgen Energy  NXE.N 
 NXE.TO  add ~10% each, along with shares of Denison Mines
 DNN.N   DML.TO 
    ** Energy Fuels  UUUU.N  up 9.5% and Ur-Energy  URG.N 
climbs 6.2%
    ** U.S.- and Canada-listed shares of Cameco  CCJ.N   CCO.TO 
jump 8.3% each
    ** Global X Uranium ETF  URA.P  up 6.4%
    ** Separately, a team from U.N.'s nuclear watchdog is headed
to the Zaporizhzhia plant in Ukraine, Europe's largest nuclear
power plant, to assess damages after more shelling in the region
 urn:newsml:reuters.com:*:nL1N30505Q urn:newsml:reuters.com:*:nL8N30400R urn:newsml:reuters.com:*:nS8N2XR02D

 (Reporting by Ruhi Soni in Bengaluru)
 ((Ruhi.Soni@thomsonreuters.com
Twitter: https://twitter.com/ruhithere))