Australian uranium stocks are soaring for a second straight session, following US President Donald Trump’s push to rapidly expand nuclear energy development.
The executive orders, signed on the weekend, set aggressive new targets for America’s nuclear sector, including an 18-month deadline to evaluate and approve licences for new reactors and a 12-month deadline to extend existing operations.
Trump has committed to increasing US nuclear energy output from about 100 gigawatts (GW) to 400GW by 2050. Investor confidence has surged in response, with uranium miners leading the ASX yesterday.
Deep Yellow rose 14.22 per cent to $1.42, followed by Paladin Energy up 13.43 per cent to $6.54, and Boss Energy who climbed to $4.34 – a 9.05 per cent increase.
The momentum follows a strong Friday session, where anticipation of the executive orders had already sparked gains across the uranium sector.
While the executive orders are US-focused, Australian uranium companies are viewed as critical to the global nuclear supply chain and well-positioned to benefit from renewed demand.
Boss Energy has already started to realise the benefits of global interest in nuclear energy. The company recently recorded its first positive free cashflow less than 12 months after producing its first uranium drum from the Honeymoon mine in South Australia.
Since commencing commercial production at Honeymoon on January 1, Boss has continued its ramp-up plan by bringing Wellfield B3 and NIMCIX column 3 online in March. NIMCIX columns 1 and 2 continue to perform at their nameplate capacity.
Honeymoon produced 295,819lbs of drummed uranium and 246,869lbs of ion exchange (IX) uranium in the March 2025 quarter.
As the US signals serious investment in nuclear energy, Australian uranium producers are poised to become major contributors in the global shift towards cleaner baseload power.
