Why These Energy Stocks Are Gaining This Week

6. Ur-Energy Inc. (NYSEAMERICAN:URG)

Share Price Gains Between May 22 – May 29: 18.97%

Ur‑Energy Inc. (NYSEAMERICAN:URG) is engaged in uranium mining, recovery, and processing activities, including the acquisition, exploration, development, and operation of uranium mineral properties in the United States.

Ur‑Energy Inc. (NYSEAMERICAN:URG) received a significant boost after President Trump signed an executive order to speed up the development of nuclear energy in the United States, ensuring the country’s energy security, especially in the face of a rising demand amidst the ongoing AI boom. The strategic move is expected to significantly boost the country’s demand for uranium, benefiting Ur-Energy’s operations at Lost Creek and the upcoming Shirley Basin project and positioning the company as a key supplier in the domestic market.

Moreover, the increased demand is expected to drive up prices of uranium, which have fallen about 30% from peaks hit in 2023 as institutional investors pulled out. Analysts have estimated the incentive prices for new uranium production at above $100/lb, providing significant future cash flow potential for producers like Ur‑Energy Inc. (NYSEAMERICAN:URG).