Nuclear energy stocks are up double digits this week as big tech continues to push the need for nuclear power to run AI data centers. New deals for nuclear plants are big, but they're also years or decades away.
NYSE American: UEC Transformative Year with Wyoming ISR Production Restart, 100% Unhedged Uranium Exposure and Subsequent Accretive Acquisition of Rio Tinto's Sweetwater Plant and Wyoming Uranium Assets Highlights: Successful startup of uranium production at the past-producing Christensen Ranch in-situ recovery ("ISR") operations and Irigaray Central Processing Plant ("CPP") in Wyoming's Powder...
It announced a $175 million deal to expand through an acquisition. It will become the sole owner of a uranium plant in Wyoming, in addition to other uranium assets.
Microsoft Co. NASDAQ: MSFT signed a 20-year power purchase agreement with Constellation Energy Co. NASDAQ: CEG. The clean electricity will come from a revived nuclear reactor formerly known as Three Mile Island Unit 1, renamed Crane Clean Energy Center.
I believe UEC is perfectly positioned to benefit from the growing demand for uranium as AI hyperscalers turn to nuclear energy. With UEC's unhedged exposure to rising uranium prices, I see significant upside potential as AI-driven energy needs expand rapidly. UEC's recent resumption of uranium production is timely, aligning with the accelerating need for consistent, carbon-free power in AI data...
NYSE American: UEC CASPER, Wyo , Sept. 23, 2024 /PRNewswire/ - Uranium Energy Corp. (NYSE American: UEC) the "Company" or "UEC") is pleased to announce that it has entered into an agreement with Rio Tinto America Inc. ("Rio Tinto") to acquire 100% of Rio Tinto's Wyoming assets, comprised of the wholly-owned and fully-licensed Sweetwater Plant and a portfolio of uranium mining projects with app...
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