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US uranium stocks rise on Trump's strategic reserve call

New York-quoted US uranium stocks were moving in positive direction on Tuesday morning after the announcement by president Donald Trump seeking US$150 million annually over 10 years to establish a strategic uranium reserve.

Henry Lazenby
US president Donald Trump's creation of a strategic uranium reserve provided a boost to uranium junior stocks on Tuesday

US president Donald Trump's creation of a strategic uranium reserve provided a boost to uranium junior stocks on Tuesday

The budget move is aimed at establishing a uranium reserve for the US to provide additional assurances of availability of uranium in the event of a market disruption. The stocks of the two US companies...

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