Nuclear stocks are gathered on the Trump report to sign orders to support industry

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The cooling towers are seen at the Electric Vogly Factory in Winsburo, Georgia, on August 13, 2024.

Megan Varner Reuters

The shares of the nuclear authority rose on Friday after President Donald Trump Executive executive orders To reform the nuclear organization committee and accelerate the deployment of new reactors in the United States

Advanced reactor companies Ok, hey and nuscale More than 27 % and 18 % jumped, respectively. ConstellationThe largest nuclear operator in the United States, more than 2 % increased. Cameco Corp.One of the largest miners in uranium in the world, more than 10 % increased.

Trump said that the orders focus on the small advanced reactors that many in this industry are seen as the future. But the president also said that his administration supports building large factories.

“We are also talking about large plants – they are very large, and the largest,” Trump said. “We’ll also do their job, but I think our focus today is the smaller stereotype.”

Trump’s orders are forced to take NRC to make decisions regarding nuclear licensing requests within 18 months and calls for the reform of the committee. The president’s orders also create an organizational framework for energy and defense departments to build nuclear reactors on federal soil. His actions also aim to start uranium mining in the United States and expand the ability of local uranium enrichment

The CEO of Constellation Joe Dominguez and OKLO Head Jacob Dewitte joined Trump at the signing ceremony at the Oval Office.



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