Why These Energy Stocks Are Gaining This Week

7. enCore Energy Corp. (NASDAQ:EU)

Share Price Gains Between Sep 16 – July 23: 23.11%

enCore Energy Corp. (NASDAQ:EU) engages in the acquisition, exploration, and development of uranium resource properties in the United States.

enCore Energy Corp. (NASDAQ:EU) shot up after uranium futures in the US soared to a 10-month high of over $80 per pound this week. The uptick comes after US Energy Secretary Chris Wright stated that the country is looking to boost its strategic uranium reserve to buffer against Russian supplies and increase confidence in the long-term prospects of nuclear power generation.

Moreover, enCore Energy Corp. (NASDAQ:EU) received a significant boost recently after it was announced that the U.S. Environmental Protection Agency had denied a review petition against permits for its Dewey Burdock uranium project. enCore said that the project remains on a federal fast-track permitting program.