Uranium Energy rises on potential uranium supply deal with TerraPower

Uranium Energy

30/11/2023 15:46

** Uranium Energy's shares  UEC.A  rise 3.45% to $6.38
    ** The uranium miner announces a memorandum of understanding
with Bill Gates backed-TerraPower to explore potential supply of
uranium for TerraPower's Natrium reactor and energy storage
system
    ** Natrium project would be a commercial scale plant,
expected to begin operations within a decade
    ** Project's advanced reactors utilizes high assay low
enriched uranium (HALEU) fuel, which is enriched up to 20%
uranium
    ** Including session's gains, stock has risen 64.43% YTD

 (Reporting by Kabir Dweit)
 ((Kabir.Dweit@thomsonreuters.com))