Boss Energy Ltd (BOE.AU) shares are soaring 11.55% in Friday's trading session, leading gains among Australian uranium miners. The surge comes amid reports that U.S. President Donald Trump is likely to sign executive orders aimed at revitalizing the nuclear energy industry.
According to sources cited by Reuters, Trump's executive orders are expected to streamline the regulatory process for approving new reactors and strengthen fuel supply chains. This potential policy shift has sparked investor optimism in the uranium mining sector, with Boss Energy emerging as one of the top beneficiaries.
The rally is not limited to Boss Energy alone. Other Australian uranium miners, including Paladin Energy and Deep Yellow, are also experiencing significant gains, rising as much as 9.8% and 9.6% respectively. These companies are among the top percentage gainers on the ASX 200 benchmark index, highlighting the sector-wide impact of the anticipated U.S. policy changes.
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