Why These Energy Stocks Are Gaining This Week

8. Energy Fuels Inc. (NYSEAMERICAN:UUUU)

Share Price Gains Between May 29 – June 5: 10.93%

Energy Fuels Inc. (NYSEAMERICAN:UUUU) is a leading US-based critical minerals company, focused on uranium, rare earth elements, heavy mineral sands, vanadium, and medical isotopes.

Investors reacted positively this week after Energy Fuels Inc. (NYSEAMERICAN:UUUU) disclosed that it had achieved record monthly uranium production at its Pinyon Plain mine in Arizona, with May’s output reaching nearly 260,000 pounds of U3O8. Moreover, the company filed an updated technical report on its Bullfrog project in Utah, significantly increasing previously reported in-ground uranium resources.

These developments are especially significant given a recent executive order by President Trump to reinvigorate the American nuclear sector and quadruple the country’s nuclear energy capacity. The order also calls for an increase in domestic mining and enrichment of uranium, and a reduction in reliance on imports from Russia and China.