Why These Energy Stocks Are Gaining This Week

4. enCore Energy Corp. (NASDAQ:EU)

Share Price Gains Between May 22 – May 29: 26.71%

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.