Shares of NANO Nuclear Energy Inc. (NNE) skyrocketed 17.01% in a 24-hour period, with significant movement occurring during after-hours trading on Thursday. This surge comes in response to reports that President Trump is expected to sign executive orders aimed at revitalizing the U.S. nuclear energy industry.

According to sources familiar with the matter, as reported by Reuters, the executive orders could be signed as early as Friday. These orders are expected to streamline the regulatory process for approving new reactors and strengthen fuel supply chains. Notably, President Trump may invoke the Cold War-era Defense Production Act, declaring a national emergency over U.S. dependence on Russia and China for enriched uranium and other nuclear materials.

The news has sparked a rally across the nuclear energy sector. In addition to NANO Nuclear Energy's impressive gains, other companies in the industry also saw significant increases. Centrus Energy Corp. rose 16%, while Oklo Inc. and Energy Fuels Inc. both climbed 14%. The VanEck Uranium & Nuclear ETF, which comprises various uranium and nuclear stocks, ticked 2% higher in post-market trading, further underlining the sector-wide impact of the anticipated executive orders.

This development comes at a time when global efforts to reduce carbon emissions are intensifying, with nuclear energy gaining attention as a potential clean energy solution. The surge in NANO Nuclear Energy's stock price reflects growing investor optimism about the company's prospects in this evolving energy landscape. As the industry awaits official confirmation and details of the executive orders, traders and investors will be closely monitoring NANO Nuclear Energy and its peers for further developments and potential opportunities in the nuclear energy sector.