Uranium Stocks Surge as Trump Administration Moves to Revive Domestic Nuclear Fuel Supply

May 23, 2025

DENVER, Colo., May 23, 2025 (247marketnews.com)- The Nuclear Energy Institute, or NEI, called for the first Trump administration to revive domestic uranium mining and enrichment by enacting the 1950 Defense Production Act to procure domestic fuel for defense requirements and unlock funds boost federal reserves of uranium for nuclear power utilities.

In a significant policy shift, President Trump is poised to sign executive orders invoking the 1950 Defense Production Act to reinvigorate the U.S. nuclear energy sector. These measures aim to streamline reactor approval processes, strengthen domestic fuel supply chains, and reduce reliance on enriched uranium from foreign adversaries like Russia and China

The anticipated policy changes have already begun to impact uranium-related stocks, with several companies experiencing notable gains.

📈 Uranium Stock Highlights

  • 📊 Centrus Energy (NYSE:LEU) is surging as traders piled in on hopes the U.S. will rapidly invest in domestic enrichment infrastructure. Centrus operates one of the only U.S.-based enrichment facilities and stands to benefit directly from DPA-backed government contracts.
  • ⚛️ NuScale Power (NYSE:SMR), a leading developer of small modular reactors (SMRs), saw shares gain over 14%. A government-led push to decentralize and modernize the U.S. nuclear fleet could significantly accelerate demand for SMR technologies, placing NuScale at the center of a national nuclear strategy.
  • ⚡ Oklo (NYSE:OKLO) plans to commission its first plant at Idaho National Laboratory by 2027 and focuses on selling power directly rather than reactors, offering a stable revenue model .
  • 💥 Uranium Energy (NYSE:UEC) is buoyed by its strong production capacity in Texas and Wyoming. It has long positioned itself as a leading domestic supplier ready to scale with federal backing.
  • 🔋 Energy Fuels (NYSE:UUUU) continues its recent upward trend as the company touts its integrated rare earth and uranium operations—making it a dual-benefit play on U.S. critical materials policy.
  • 🔄 NexGen Energy (NYSE:NXE) is headquartered in Canada and saw speculative buying as it could become an increasingly important source of supply for North American utilities amid geopolitical supply concerns.
  • 🌄 Snow Lake Resources (NASDAQ:LITM) is better known for lithium, but it announced a uranium project in Wyoming that aligns perfectly with the administration’s push for diversified domestic mining.

The Trump administration’s commitment to revitalizing the U.S. nuclear energy sector is expected to have a lasting impact on uranium-related companies. Investors should monitor these developments closely, as the policy changes may present opportunities in the uranium market.

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