Ur-Energy Announces Retirement of General Counsel and Corporate Secretary Penne Goplerud and Names Alex Ritchie as Successor

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LITTLETON, CO / ACCESS Newswire / November 25, 2025 / Ur-Energy Inc. (NYSE American:URG) ("Ur-Energy" or the "Company") today announced, as part of the Company's long-term leadership succession planning, that Penne Goplerud, who has served as General Counsel and Corporate Secretary since 2011, will retire on January 6, 2026. Ms. Goplerud began working as outside counsel to Ur-Energy beginning in 2005 and joined the Company as Associate General Counsel in 2007.

Ur-Energy Chairman and CEO, John Cash, commented, "I want to personally thank Penne for her unwavering dedication to Ur-Energy over the past 20 years and her teacher's heart that has always been willing to mentor me and many others. Penne was instrumental in the success of the Company since its earliest days and played an integral leadership role in virtually every corporate milestone. Penne's untiring work ethic and contribution will be missed by all. I wish her the absolute best during retirement and hope she can now find the time to return to the tennis court."

Mr. Alex Ritchie will succeed Ms. Goplerud as General Counsel and Corporate Secretary on January 6, 2026. Ms. Goplerud will continue with Ur-Energy for a short time to ensure a smooth transition.

Ur-Energy President and incoming CEO, Matt Gili, commented, "We are incredibly grateful to Penne for her many contributions to the Company and wish her the very best in retirement. As we continue to grow our business and expand our operations, we are thrilled to have Alex join the team. Although Alex has big shoes to fill, he brings exceptional expertise and leadership that will strengthen our strategic execution going forward while maintaining our strong standards for compliance, governance and risk management."

Mr. Ritchie has more than 25 years of diverse legal, executive and business experience in natural resources law and transactions, environmental law, general corporate and contract matters and accounting. Mr. Ritchie began his legal career in private practice in 1999. From 2000 - 2009, he practiced in the natural resources, commercial law and securities groups of a prominent Denver law firm, where he was elected partner in December 2006. While in private practice, he represented mining and energy company clients on billions of dollars of acquisition, divestiture, joint venture, financing, securities and other transactions. From 2009 - 2012, he served as senior corporate counsel for the U.S. subsidiary of an international oil and gas company, where he worked on environmental compliance and permitting, major projects, commercial contracts, acquisitions and divestitures, and general corporate matters.

Mr. Ritchie has been a thought leader and educator on natural resources law. Since 2017, he has been the Executive Director of The Foundation for Natural Resources and Energy Law (formerly the Rocky Mountain Mineral Law Foundation), where he led the preeminent provider of legal education and scholarship on mining, energy, and other natural resources law. From 2012 - 2017, he was an associate professor at the University of New Mexico School of Law where he taught courses on natural resources, energy, environmental, property, and business law.

Mr. Ritchie has been a frequent speaker and published author on mining, oil and gas, environmental, and business law issues. He has also served numerous boards and advisory councils of natural resources organizations and public charities. Before entering law school, he was a public accountant and worked for three years in the Washington, D.C. office of KPMG. Mr. Ritchie obtained his J.D. from the University of Virginia School of Law and his B.S.B.A in accounting from Georgetown University.

About Ur-Energy

Ur-Energy is a uranium mining company operating the Lost Creek in situ recovery uranium facility in south-central Wyoming. We have produced and packaged approximately 3.0 million pounds of U3O8 from Lost Creek since the commencement of operations. Ur-Energy has begun development and construction activities at Shirley Basin, the Company's second in situ recovery uranium facility in Wyoming. Ur-Energy is engaged in uranium recovery and processing activities, including the acquisition, exploration, development, and operation of uranium mineral properties in the United States. The primary trading market for Ur-Energy's common shares is on the NYSE American under the symbol "URG." Ur-Energy's common shares also trade on the Toronto Stock Exchange under the symbol "URE." Ur-Energy's corporate office is in Littleton, Colorado and its registered office is in Ottawa, Ontario.

Contact Information

Valerie Kimball

IR Director

Valerie.kimball@ur-energy.com

720-460-8534

Cautionary Note Regarding Forward-Looking Information

This release may contain "forward-looking statements" within the meaning of applicable securities laws regarding events or conditions that may occur in the future (e.g., the planned retirement of Ur-Energy General Counsel and Corporate Secretary Penne Goplerud and succession by Alex Ritchie) and are based on current expectations that, while considered reasonable by management at this time, inherently involve a number of significant business, economic and competitive risks, uncertainties and contingencies. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans," "expects," "does not expect," "is expected," "is likely," "estimates," "intends," "anticipates," "does not anticipate," or "believes," or variations of the foregoing, or statements that certain actions, events or results "may," "could," "might" or "will be taken," "occur," "be achieved" or "have the potential to." All statements, other than statements of historical fact, are considered to be forward-looking statements.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from any forward-looking statements include, but are not limited to, capital and other costs varying significantly from estimates; failure to establish estimated resources and reserves; the grade and recovery of uranium which is mined varying from estimates; production rates, methods and amounts varying from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; inflation; changes in exchange rates; fluctuations in commodity prices; delays in development and other factors described in the public filings made by the Company at www.sedarplus.ca and www.sec.gov. Readers should not place undue reliance on forward-looking statements. The forward-looking statements contained herein are based on the beliefs, expectations and opinions of management as of the date hereof and Ur-Energy disclaims any intent or obligation to update them or revise them to reflect any change in circumstances or in management's beliefs, expectations or opinions that occur in the future.

SOURCE: Ur-Energy Inc.

View the original press release on ACCESS Newswire

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Ur-Energy Is Maintained at Buy by HC Wainwright & Co.

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Ur-Energy

-0.72%

(11:43 GMT) Ur-Energy Price Target Cut to $2.60/Share From $2.70 by HC Wainwright & Co.

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Ur-Energy Announces Q3 2025 Results; Construction Advances at Shirley Basin and Exploration Underway in the Great Divide Basin

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Ur-Energy

-0.72%

LITTLETON, CO / ACCESS Newswire / November 3, 2025 / Ur-Energy Inc. (NYSE American:URG) (the "Company" or "Ur-Energy") has filed the Company's Form 10-Q for the quarter ended September 30, 2025, with the U.S. Securities and Exchange Commission at www.sec.gov/edgar.shtml and with Canadian securities authorities at www.sedarplus.ca.

Third Quarter 2025 Financial and Operating Results

The ramp up at Lost Creek continued with 93,523 pounds of U3O8 dried and packaged.
Ur-Energy sold 110,000 pounds of U3O8 during the quarter, at an average price of $57.48 per pound, generating revenue of $6.3 million.
Uranium sold in Q3 2025 was sourced from previously purchased inventories. Ur-Energy currently has sufficient produced inventory on hand to meet its remaining 2025 sales obligation of 165,000 pounds.
Q3 2025 cash costs per pound of produced inventory remained consistent with Q2, decreasing slightly from $43.61 in Q2 2025 to $43.00 in Q3 2025.
Shirley Basin's professional and operational teams are fully staffed, and site construction is well advanced. Wellfield and plant development remain on track for uranium production startup in Q1 2026.
As of September 30, 2025, we had cash and cash equivalents of $52.0 million, a decrease of approximately $24.1 million from the $76.1 million balance on December 31, 2024. Cash position as of October 30, 2025, was $35.4 million.

Ur-Energy President, Matthew Gili, commented: "The continued ramp-up and plant optimization at Lost Creek, together with the advanced construction status at Shirley Basin, position Ur-Energy to capitalize on the resurgence of both the U.S. and global nuclear power industry, illustrated by the recently announced U.S. government's $80 billion investment to build new nuclear reactors in the United States."

Lost Creek Operations

We dried and packaged 93,523 pounds and shipped 70,190 pounds to the conversion facility in Q3. As of September 30, 2025, we held 278,150 pounds of U₃O₈ at the conversion facility. Subsequent to quarter end, we shipped an additional 69,604 pounds to the conversion facility and purchased 100,000 pounds, after which we will have 447,754 pounds in finished inventory at the conversion facility.

Four header houses have been brought online this year in Lost Creek's second mine unit ("MU2"). Production flow for the third quarter averaged approximately 2,100 gpm from MU2 production areas. The flow was controlled at a lower rate to optimize MU2 production by removing solids incidental to production that had accumulated in the main pipeline. That maintenance, primarily occurring during September and October, is substantially complete and preparations are underway to continue increasing flow rates from MU2 commensurate with production needs. Production grade for the quarter averaged 66 ppm, reflecting the controlled flow rates during maintenance. Year-to-date, the average production grade remains at approximately 58 ppm.

Development continues in MU1 Phase 2, where well installations are substantially complete in four of the ten header houses. Surface construction is advancing, with the first header house for Phase 2 in commissioning. Three header houses have been delivered to Lost Creek, and two more are being prepared at our Casper construction shop.

Successful production operations depend upon strong safety programs and consistently good safety records. Our safety program and culture both continue to improve at Lost Creek and with our staff at Shirley Basin. We are pleased to see continued and sustained safety improvements and will remain focused on safety and compliance throughout our operations.

Our total sales in 2025 are projected at 440,000 pounds of U3O8 at an average price per pound sold of $61.77 and we expect to realize revenues of $27.2 million. The sales are a result of contracts negotiated in 2022 and 2023, when the long-term price was between $43 and $57 per pound. Deliveries of 165,000 pounds and 110,000 pounds were made in Q2 and Q3, respectively. A delivery of 165,000 pounds at an average price of $63.20 is expected to be made in Q4 2025 from produced inventory.

Shirley Basin: Fully Staffed and Advancing Toward Uranium Production

Construction activities are ongoing and gaining momentum at our fully permitted Shirley Basin ISR Project. Construction of the foundation for the processing building began in early August and we have poured nearly 900 of the required 1,100 total cubic yards of concrete. The internal foundation of the processing building is substantially complete. 11 ion exchange columns were delivered to Shirley Basin in September, and two have been placed on the internal foundation.

As previously disclosed, Shirley Basin construction milestones include road upgrades, completion of 125 monitor wells and groundwater work, power installation to the site, and setup of communications, security, and septic systems. We also refurbished the warehouse, and construction and maintenance bays, including the installation of modular offices.

The metal building components of the plant facility have been delivered to the project site. The general contractor is preparing for pre-assembly while also continuing to prepare for offsite fabrication and procurement of steel piping, supports, and catwalks.

The 10,000 square-foot Shirley Basin modular office is now fully operational, with all management and professional personnel onsite leading wellfield construction and development. The Shirley Basin team is working closely with our Casper-based professionals to advance all aspects of construction in preparation for production. We have also added contracted project management expertise to enhance coordination and ensure we meet schedule and quality objectives as we progress toward the anticipated Q1 2026 startup and commissioning.

We have hired all operational staff, including our maintenance and wellfield services teams. Training of all staff is progressing, with operations staff expected to receive hands-on experience at Lost Creek along with additional training during satellite plant construction at Shirley Basin.

Photo 1. Shirley Basin Satellite ISR Plant Under Construction - October 28, 2025

One of the two evaporation ponds is constructed, with the second pond nearing completion. Once both are fully constructed, work will commence on the installation of liners and technical components.

Installation of production and injection wells in Shirley Basin Mine Unit 1 is progressing, with drilling and completion of wells for the first header house finished and work on the next two is advancing. All monitor wells have been installed and sampled. The first header house has been fabricated in Casper and fabrication of the second is underway. Onsite construction and main pipeline installation continue, with trenching complete through the seventh header house and piping past the third.

Third Quarter 2025 Great Divide Basin Exploration Activities

During the third quarter, we initiated exploration programs in the Great Divide Basin ("GDB") on our Lost Soldier Project, located less than 10 miles northeast of the Lost Creek ISR Mine. The work at Lost Soldier included the installation of 18 aquifer test wells designed to enhance our understanding of the local hydrogeology. While the geology of the project area is well understood and supported by data from more than 4,000 historical drillholes, this additional hydrogeologic characterization will assist our technical teams in optimizing potential future mine planning, permitting, and development activities.

Due to the proximity of our operating Lost Creek ISR facility, Lost Soldier has the potential to be developed as a satellite operation. If exploration work is successful, we will evaluate the potential to advance Lost Soldier through the FAST-41 permitting process, a federal framework designed to streamline and improve coordination among agencies for large-scale infrastructure and energy projects.

Figure 1. Great Divide Basin Exploration Areas

As the work at Lost Soldier concludes, drill rigs will move to the North Hadsell Project for a 50-hole drill program. Next, we will move to our third exploration program in the GDB at LC South, where we anticipate commencing a 120-drillhole program in Q1 2026. The goal of our GDB exploration programs is to identify additional uranium roll fronts and potentially expand the Company's uranium resource base in Wyoming's prolific Great Divide Basin.

U3O8 Product Profit (Loss)

The following table provides information on our U3O8 product profit and loss:

U3O8 Product Profit (Loss)	Unit	2024 Q4			2025 Q1		2025 Q2	2025 Q3		2025 YTD

U3O8 Product Sales
Produced	$000		5,857		-	10,428		-			10,428
Non-produced	$000		16,500		-	-		6,323			6,323
	$000		22,357		-	10,428		6,323			16,751
U3O8 Product Costs
Produced	$000		5,896		-	8,397		-			8,397
Non-produced	$000		22,760		-	-		7,063			7,063
	$000		28,656		-	8,397		7,063			15,460
U3O8 Product Profit (Loss)
Produced	$000		(39	)	-	2,031		-			2,031
Non-produced	$000		(6,260	)	-	-		(740	)		(740	)
	$000		(6,299	)	-	2,031		(740	)		1,291
U3O8 Pounds Sold
Produced	lb		95,000		-	165,000		-			165,000
Non-produced	lb		300,000		-	-		110,000			110,000
	lb		395,000		-	165,000		110,000			275,000
U3O8 Price per Pound Sold
Produced	$/lb		61.65		-	63.20		-			63.20
Non-produced	$/lb		55.00		-	-		57.48			57.48
	$/lb		56.60		-	63.20		57.48			60.91
U3O8 Cost per Pound Sold
Ad valorem and severance taxes	$/lb		1.73		-	2.62		-			2.62
Cash costs	$/lb		50.25		-	40.21		-			40.21
Non-cash costs	$/lb		10.08		-	8.06		-			8.06
Produced	$/lb		62.06		-	50.89		-			50.89
Non-produced	$/lb		75.87		-	-		64.21			64.21
	$/lb		72.55		-	50.89		64.21			56.22
U3O8 Profit (Loss) per Pound Sold
Cash costs	$/lb		11.40		-	22.99		-			22.99
Less ad valorem and severance taxes	$/lb		(1.73	)	-	(2.62	)	-			(2.62	)
Less non-cash costs	$/lb		(10.08	)	-	(8.06	)	-			(8.06	)
Produced	$/lb		(0.41	)	-	12.31		-			12.31
Non-produced	$/lb		(20.87	)	-	-		(6.72	)		(6.72	)
	$/lb		(15.95	)	-	12.31		(6.72	)		4.69
U3O8 Profit (Loss) Margin per Pound Sold
Cash costs	%		18.5		-	36.4		-			36.4
Less ad valorem and severance taxes	%		(2.8	)	-	(4.1	)	-			(4.1	)
Less non-cash costs	%		(16.4	)	-	(12.8	)	-			(12.8	)
Produced	%		(0.7	)	-	19.5		-			19.5
Non-produced	%		(37.9	)	-	-		(11.8	)		(11.8	)
	%		(28.2	)	-	19.5		(11.8	)		7.7

The U3O8 and cost per pound measures included in the above table do not have a standardized meaning within US GAAP or a defined basis of calculation. These measures are used by management to assess business performance and determine production and pricing strategies. They may also be used by certain investors to evaluate performance.

U3O8 Production and Ending Inventory

The following tables provide information on our production and ending inventory of U3O8 pounds:

U3O8 Production	Unit	2024 Q4		2025 Q1		2025 Q2		2025 Q3	2025 YTD

Pounds captured	lb		81,771	74,479	128,970		89,267			292,716
Pounds drummed in	lb		74,006	83,066	112,033		93,523			288,622
Pounds shipped	lb		66,526	106,301	105,316		70,190			281,807
Non-produced pounds acquired	lb		550,000	-	-		-			-

U3O8 Ending Inventory	Unit	2024 Q4		2025 Q1		2025 Q2	2025 Q3
Pounds
In-process inventory	lb		39,169	29,700	37,590		29,362
Plant inventory	lb		33,919	10,772	17,484		40,817
Conversion inventory - produced	lb		12,239	118,540	65,607		138,150
Conversion inventory - non-produced	lb		250,000	250,000	250,000		140,000
	lb		335,327	409,012	370,681		348,329
Value
In-process inventory	$000		42	382	509		630
Plant inventory	$000		1,840	582	921		2,267
Conversion inventory - produced	$000		704	6,463	3,409		7,290
Conversion inventory - non-produced	$000		18,158	16,058	16,058		8,992
	$000		20,744	23,485	20,897		19,179
Cost per Pound
In-process inventory	$/lb		1.07	12.86	13.54		21.46
Plant inventory	$/lb		54.25	54.03	52.68		55.54
Conversion inventory:	$/lb
Ad valorem and severance tax	$/lb		1.57	2.16	3.06		3.29
Cash cost	$/lb		46.83	43.43	40.55		39.71
Non-cash cost	$/lb		9.12	8.94	8.35		9.77
Conversion inventory - produced	$/lb		57.52	54.53	51.96		52.77
Conversion inventory - non-produced	$/lb		72.63	64.23	64.23		64.23
	$/lb		71.93	61.11	61.68		58.54

About Ur-Energy

Ur-Energy is a uranium mining company operating the Lost Creek in situ recovery uranium facility in south-central Wyoming. We have produced and packaged approximately 3 million pounds of U3O8 from Lost Creek since the commencement of operations. Ur-Energy has begun development and construction activities at Shirley Basin, the Company's second in situ recovery uranium facility in Wyoming. Ur-Energy is engaged in uranium recovery and processing activities, including the acquisition, exploration, development, and operation of uranium mineral properties in the United States. The primary trading market for Ur-Energy's common shares is on the NYSE American under the symbol "URG." Ur-Energy's common shares also trade on the Toronto Stock Exchange under the symbol "URE." Ur-Energy's corporate office is in Littleton, Colorado and its registered office is in Ottawa, Ontario.

Contact Information

Valerie Kimball

IR Director

Valerie.kimball@ur-energy.com

720-460-8534

Cautionary Note Regarding Forward-Looking Information

This release may contain "forward-looking statements" within the meaning of applicable securities laws regarding events or conditions that may occur in the future (e.g., timing to complete our ramp-up to steady state full production levels at Lost Creek, including whether MU1 Phase 2 comes online as scheduled, wellfield flow rates increase as anticipated, and efforts to optimize plant production are successful; our ability to complete build out of Shirley Basin as currently projected and budgeted; whether our safety program and record will continue to see sustained improvements and whether compliant operations can be maintained; the ability to capitalize on the resurgence of the nuclear industry; the results of our 2025 exploration program in the Great Divide Basin; and whether we will advance Lost Soldier and on what timeline, and permitting program) and are based on current expectations that, while considered reasonable by management at this time, inherently involve a number of significant business, economic and competitive risks, uncertainties and contingencies. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans," "expects," "does not expect," "is expected," "is likely," "estimates," "intends," "anticipates," "does not anticipate," or "believes," or variations of the foregoing, or statements that certain actions, events or results "may," "could," "might" or "will be taken," "occur," "be achieved" or "have the potential to." All statements, other than statements of historical fact, are considered to be forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements express or implied by the forward-looking statements. Factors that could cause actual results to differ materially from any forward-looking statements include, but are not limited to, capital and other costs varying significantly from estimates; failure to establish estimated resources and reserves; the grade and recovery of ore which is mined varying from estimates; production rates, methods and amounts varying from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; inflation; changes in exchange rates; fluctuations in commodity prices; delays in development and other factors described in the public filings made by the Company at www.sedarplus.ca and www.sec.gov. Readers should not place undue reliance on forward-looking statements. The forward-looking statements contained herein are based on the beliefs, expectations and opinions of management as of the date hereof and Ur-Energy disclaims any intent or obligation to update them or revise them to reflect any change in circumstances or in management's beliefs, expectations or opinions that occur in the future.

SOURCE: Ur-Energy Inc.

View the original press release on ACCESS Newswire

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URE: Net loss widened to $59.3M on higher costs, with Shirley Basin construction advancing for 2026

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Ur-Energy

-0.72%

Revenue rose to $16.8M for the nine months ended September 30, 2025, but net loss widened to $59.3M due to higher operating and development costs. Construction at Shirley Basin is on track for 2026, and multi-year sales agreements support future revenue growth.

Original document: Ur-Energy Inc. [URE] SEC 10-Q Quarterly Report — Nov. 3 2025

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URE: Q3 2025 saw uranium sales growth, strong project progress, and a declining cash balance

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Ur-Energy

-0.72%

Q3 2025 featured continued ramp-up at Lost Creek, $6.3M in revenue from uranium sales, and advanced construction at Shirley Basin, which is on track for Q1 2026 production. Cash position declined to $52M, with a projected 2025 sales volume of 440,000 pounds at $61.77/lb.

Original document: Ur-Energy Inc. [URE] SEC 8-K Current Report — Nov. 3 2025

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Ur-Energy Participates in the 2025 Maxim Growth Summit in New York

Acceswire

Ur-Energy

-0.72%

LITTLETON, CO, CO / ACCESS Newswire / October 16, 2025 / Ur-Energy Inc. (NYSE American:URG) (the "Company" or "Ur-Energy") is happy to announce its participation in the 2025 Maxim Growth Summit, taking place on October 23rd at The Hard Rock Hotel NYC. This prestigious event brings together industry leaders, innovators, and premier institutions to explore the latest trends and advancements across several industries.

Ur-Energy will be meeting with institutional investors in a one-on-one format and senior Maxim analysts during the event. John Cash, CEO of Ur-Energy, will participate in a Critical Mineral Supply Chain Development panel discussion on October 23rd at 1:30 pm Eastern. The panel will also discuss what the global space exploration industry needs from energy and mining companies.

For more information and a complete agenda of the Maxim Growth Summit, please visit: www.maximgrp.com/2025-growth-summit.

About Ur-Energy

Ur-Energy is a uranium mining company operating the Lost Creek in situ recovery uranium facility in south-central Wyoming. We have produced and packaged approximately 3 million pounds of U3O8 from Lost Creek since the commencement of operations. Ur-Energy has begun development and construction activities at Shirley Basin, the Company's second in situ recovery uranium facility in Wyoming. Ur-Energy is engaged in uranium recovery and processing activities, including the acquisition, exploration, development, and operation of uranium mineral properties in the United States. The primary trading market for Ur-Energy's common shares is on the NYSE American under the symbol "URG." Ur-Energy's common shares also trade on the Toronto Stock Exchange under the symbol "URE." Ur-Energy's corporate office is in Littleton, Colorado and its registered office is in Ottawa, Ontario.

About Maxim

Maxim Group LLC is a full-service investment banking, securities and wealth management firm headquartered in New York. The independent and employee-owned firm provides a full array of financial services including investment banking; private wealth management; and global institutional equity, fixed-income and derivatives sales & trading, equity research and prime brokerage services. Maxim Group LLC is a registered broker-dealer with the U.S. Securities and Exchange Commission (SEC) and the Municipal Securities Rulemaking Board (MSRB) and is a member of FINRA, SIPC, and NASDAQ. To learn more about Maxim Group LLC, visit maximgrp.com.

Contact Information

Valerie Kimball

IR Director

Valerie.kimball@ur-energy.com

720-460-8534

SOURCE: Ur-Energy Inc.

View the original press release on ACCESS Newswire

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Nuclear and uranium stocks climb as U.S.-China trade tensions escalate

Investing.com

Advanced Micro Devices

Investing.com -- Nuclear and uranium shares have advanced in premarket trading on Wednesday as investors bet on the sector benefiting from rising trade tensions between the U.S. and China.

According to analysts at B. Riley, U.S. national security priorities could continue to drive gains in nuclear-related equities.

“On the nuclear fuel front, the administration has made it clear that it wants to strengthen the supply chain, likely benefiting our uranium mining companies (UUUU, EU, URG) and Centrus (LEU), which seeks to restore domestic enrichment capabilities,” the analysts wrote in a note to clients.

The U.S. has been increasing efforts to secure key energy and technology supply chains amid heightened geopolitical competition with Beijing.

Analysts believe nuclear power and uranium mining companies are likely to see fresh momentum as Washington looks to reduce reliance on foreign fuel sources.

In early trading, Centrus Energy gained 7.8%, Lightbridge climbed 7.1%, and NuScale Power rose 6.3%. Oklo added 5.9%, while Nano Nuclear Energy advanced 5.2%.

Uranium miner enCore Energy has moved sharply higher, jumping 9.8% after announcing the discovery of new uranium mineralized roll fronts at its Alta Mesa In-Situ Recovery uranium project.

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