Uranium miners rise as US Senate approves Russian imports ban bill

Uranium Energy

01/05/2024 14:09

** Shares of North American uranium companies rise premarket
after US Senate approves bill to ban Russian uranium import
    ** Biden is expected to sign the bill into law and it will
ban imports 90 days after enactment while allowing temporary
waivers
    ** U.S. companies such as Centrus Energy  LEU.A , Energy
Fuels  UUUU.K , and Uranium Energy  UEC.N  up between 4% to 7%
    ** U.S.-listed shares of Uranium Royalty  UROY.O  and Cameco
 CCJ.N  up 5.6% and 4.6%, respectively
    ** U.S. nuclear power plants imported around 12% of their
uranium from Russia in 2022

 (Reporting by Mrinalika Roy in Bengaluru)
 ((mrinalika.roy@thomsonreuters.com;))