Deep Yellow Ltd (DYL.AU) saw its stock soar 9.13% in Friday's trading session, amid news that U.S. President Donald Trump is likely to sign executive orders aimed at revitalizing the nuclear power industry. The Australian uranium miner's shares climbed as investors reacted positively to the potential boost in demand for uranium.

According to sources, President Trump is expected to sign orders that will streamline the regulatory process for approving new nuclear reactors and strengthen fuel supply chains. This move is seen as a significant catalyst for uranium miners worldwide, including Australian companies like Deep Yellow Ltd.

The surge in Deep Yellow's stock price was part of a broader rally among Australian uranium miners. Competitors Boss Energy and Paladin Energy also experienced substantial gains, rising as much as 11.8% and 9.8% respectively. These uranium-focused companies emerged as the top percentage gainers on the ASX 200 benchmark index, highlighting the sector-wide impact of the anticipated U.S. policy shift.