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The share price of Uranium Energy Corp. (NYSEAMERICAN:UEC) surged by 22.62% on May 23, 2025. Let’s shed some light on the development.
Uranium Energy Corp. (NYSEAMERICAN:UEC) is engaged in uranium mining and related activities. The company is the fastest-growing uranium supplier in North America, fueling the growing demand for carbon-free nuclear energy.
Uranium Energy Corp. (NYSEAMERICAN:UEC) received a massive boost on Friday after President Trump signed an executive order to quadruple the domestic production of nuclear power within the next 25 years. The order directed the Nuclear Regulatory Commission to cut down on regulations and fast-track new licenses for reactors and power plants. The strategic move aims to ensure America’s energy security, especially with the record projected surge in electric demand attributed to the boom in artificial intelligence. Given the tough geopolitical landscape and the ongoing trade war, the Trump administration also wants to reduce dependence on imported enriched uranium from China and Russia by jump-starting the mining of uranium in the U.S. and expanding domestic uranium enrichment capacity.
Hence, as America’s largest and fastest-growing uranium company, Uranium Energy Corp. (NYSEAMERICAN:UEC) received much attention from investors amid the prospects of increased orders and a solid backing by the White House.
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Disclosure: None.