CGN MINING (01164) jumped more than 7% during trading. As of press time, the stock was up 7.55% to HK$2.85, with a trading volume of HK$134 million.

On the news front, US Energy Secretary Chris Wright stated on Monday that the United States should consider expanding its strategic uranium reserves to reduce dependence on Russian supplies and boost confidence in the long-term outlook for nuclear power.

Research analysis indicates that the global trend of nuclear power recovery remains unchanged, and the tight supply-demand dynamics in the natural uranium market have not eased. Spot uranium prices are expected to continue their upward recovery trajectory, with a breakthrough to higher levels anticipated in the near term.

Analysts believe that as CGN Group's specialized uranium resource development and operation platform, the company is well-positioned to benefit from the group's expanding nuclear power capacity installations and continuously strengthen its resource portfolio. During this uranium price upward cycle, the company is expected to experience both volume and price growth, driving sustained business expansion.