Deep Yellow Ltd (DYL.AU) shares are soaring 9.13% in Friday's trading session, as the Australian uranium miner benefits from potential U.S. policy changes favoring the nuclear power industry. The stock's significant uptick comes amid broader gains in the uranium sector, with Deep Yellow emerging as one of the top performers on the ASX 200 benchmark index.

The rally is fueled by reports that U.S. President Donald Trump is likely to sign executive orders aimed at revitalizing the nuclear energy sector. These orders are expected to streamline the regulatory process for approving new reactors and strengthen fuel supply chains, potentially increasing demand for uranium producers like Deep Yellow.

Investors are showing renewed interest in uranium stocks, with Deep Yellow's peers Boss Energy and Paladin Energy also experiencing substantial gains of up to 11.8% and 9.8%, respectively. This surge reflects growing optimism about the future of nuclear energy and its role in the global energy mix, particularly as governments seek to reduce carbon emissions while maintaining reliable power supplies.