Here is Why enCore Energy (EU) Gained So Much This Week

The share price of enCore Energy Corp. (NASDAQ:EU) surged by 26.71% between May 22 and May 29, 2025, putting it among the Energy Stocks that Gained the Most This Week. Let’s shed some light on the development.

Here is Why enCore Energy (EU) Gained So Much This Week

An aerial shot of the uranium mines, demonstrating the company’s vast mineral resources.

enCore Energy Corp. (NASDAQ:EU) engages in the acquisition, exploration, and development of uranium resource properties in the United States. The company utilizes ISR technology at its South Texas production facilities, resulting in a lower-cost and environmentally friendly method of uranium extraction.

Investors reacted positively after enCore Energy Corp. (NASDAQ:EU) revealed this week that it has received approval from the Texas Commission on Environmental Quality to include the Upper Spring Creek ISR Uranium Project in its existing Radioactive Materials License. The approval marks enCore’s third permitted facility in Texas, enhancing its operational capacity and competitive positioning in the uranium industry.

The development marks a significant milestone for enCore Energy Corp. (NASDAQ:EU) and positions it well for the expected increase in domestic uranium demand following President Trump’s executive order to boost the country’s nuclear energy sector.

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Disclosure: None.