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Nuclear shares are united by Trump’s report to sign orders for industry support

On August 13, 2024, the towers cool the VogTle Electric Electric Plant operating on Electricity in Wiensbara, Georgia.

Megan Warner | Reuters

Nuclear energy stocks grew Friday after President Donald Trump signed executive orders For major repairs of the nuclear regulation commission and accelerate the deployment of new reactors in the US

Extended reactor companies Okay, hey and Miserable Jumping more than 27% and 18% respectively. The energy constellationThe largest nuclear operator in the US has increased by more than 2%. Cameco Corp.One of the world’s largest miners in the world has grown more than 10%.

Trump said the orders focus on small advanced reactors, which are considered many in the field as the future. But the president also stated that his administration supports the construction of large plants.

“We also talk about big plants – very large, the biggest,” said Trump. “We will also make them, but I think today is the smaller module.”

Trump’s orders force NRC to make decisions on nuclear licenses within 18 months and require major repairs of the commission. The president’s orders also create a normative basis for energy departments and protection to create nuclear reactors on federal soil. His actions are also aimed at starting uranium mining and expanding the potential enrichment of internal uranium

CEO Constlaration Jo Dominguez and head Okol Jacob Davit joined Trump at the signing ceremony in the oval office.

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