Overview

• Energy Secretary Chris Wright said the administration is moving toward ending the use of Russian enriched uranium and is discussing an expansion of the U.S. strategic uranium reserve.
• Cameco and Uranium Energy rallied Monday by 10.51% and 10.95%, respectively, with each adding just over 1% in after-hours trading.
• Wright delivered the remarks at the IAEA conference in Vienna, framing the move as an energy‑security response to a vulnerable supply chain for 94 U.S. reactors.
• Uranium Energy closed at $13.17, with 2025 gains of about 96.86%, while Cameco is up roughly 67.97% year to date; reported volumes reached 22 million shares for UEC and 10 million for CCJ.
• Cameco also hit a new 52-week high at $86.37 and announced a long-term UF6 supply agreement with Slovenské elektrárne covering 2028 through 2036.