Here is Why enCore Energy (EU) Jumped This Week

The share price of enCore Energy Corp. (NASDAQ:EU) surged by 15.64% between June 11 and June 18, 2025, putting it among the Energy Stocks that Gained the Most This Week.

enCore Energy Corp. (EU): Among Stocks That Will Go to the Moon According to Reddit

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.

enCore Energy Corp. (NASDAQ:EU) shot up recently following a boost in the global price of uranium, which surged by more than 7% over the last week. The uptick comes as investors reacted to an announcement by the Sprott Physical Uranium Trust that it would buy around $200 million worth of physical uranium, twice the amount it initially signaled in its agreement with Canaccord Genuity.

Moreover, enCore Energy Corp. (NASDAQ:EU) announced in May that it had received regulatory approval 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, and the company revealed that drilling operations began immediately after the license was granted.

The share price of enCore Energy Corp. (NASDAQ:EU) has surged by more than 52% over the last month.

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Disclosure: None.