Uranium miners rise after Biden signs into law ban on Russian imports

Sprott Physical Uranium Trust

14/05/2024 15:02

** Shares of North American uranium companies rise after US
President Joe Biden signs into law a ban on Russian-enriched
uranium
    ** The ban on imports of fuel for nuclear power plants
begins in about 90 days but will allow the Department of Energy
to issue waivers in case of supply concerns
    ** Energy Fuels  UUUU.A  and Uranium Energy  UEC.A  rise
1.7% and 2.6%, respectively
    ** Shares of Canadian firms Uranium Royalty  URC.TO  and
Cameco  CCO.TO  gain 1.9% and 0.4%
    ** Global X Uranium ETF  URA.P  climbs 1%
    ** "The ban on Russian imports should continue to support
the expansion of capacity in Western uranium enrichment," - John
Meyer, analyst SP Angel

 (Reporting by Vallari Srivastava in Bengaluru)
 ((Srivastava.Vallari@thomsonreuters.com;))