Energy Stocks Lift ASX 200 as Uranium and Oil Rally

Highlights

• Santos (ASX:STO) gains after external proposal confirmed due diligence process

• Uranium stocks including Boss Energy (ASX:BOE) and Paladin Energy (ASX:PDN) trade higher

• Energy sector leads early trade on ASX 200 amid broader resources strength

The energy sector recorded early upside on the ASX 200, supported by broad strength in global commodity prices. The Australia share market reflected this with momentum from companies across oil and uranium segments. The ASX 100 and All Ordinaries also showed increased activity, particularly among resource-focused tickers.

Santos (ASX:STO) Advances Following Proposal

Santos (ASX:STO), a key component of the ASX 100, moved higher during morning trade. The lift followed confirmation that the company received a non-indicative proposal from a consortium led by an overseas oil company. Due diligence has been granted, resulting in strong market attention. The development contributed to elevated volumes in the broader energy segment and lifted sector sentiment on the ASX 200.

Uranium Stocks Show Broad Momentum

Uranium-related stocks displayed pronounced early strength. Paladin Energy (ASX:PDN), Boss Energy (ASX:BOE), Deep Yellow (ASX:DYL), and Bannerman Energy (ASX:BMN) recorded notable trading gains. Each of these companies contributed to the broader rise seen in the All Ordinaries and energy-related counters on the ASX 300. Market activity was largely attributed to an uptick in global uranium sentiment, which has supported strong trading activity.

Prominence Energy (ASX:PRM) Among Active Movers

Prominence Energy (ASX:PRM), another energy-sector name, saw early movement that aligned with sector-wide interest. As a smaller-cap counter on the All Ordinaries, PRM reflected broader enthusiasm surrounding exploration-focused equities during the session.

Boss Energy (ASX:BOE) Builds on Sector Strength

Boss Energy (ASX:BOE), engaged in uranium development, extended recent momentum. Increased attention to nuclear energy themes appeared to support its performance, with consistent activity positioning the stock among the session’s stronger early performers on the ASX 300.

Paladin Energy (ASX:PDN) Trades on Upward Momentum

Paladin Energy (ASX:PDN) remained active in morning trade. Market participants focused on its operational uranium profile, which has seen renewed interest amid higher sector pricing. As part of the ASX 200, PDN has tracked sector strength across other uranium peers.

Deep Yellow (ASX:DYL) and Bannerman Energy (ASX:BMN) Join Gains

Deep Yellow (ASX:DYL) and Bannerman Energy (ASX:BMN) experienced increased activity. These companies are primarily involved in exploration and are often viewed in relation to broader uranium sector sentiment. Their moves contributed to gains observed across junior energy names on the All Ordinaries.

Amplia Therapeutics (ASX:ATX) Catches Attention

Outside of energy, Amplia Therapeutics (ASX:ATX) recorded early trade interest following an update on its clinical oncology program. Its ACCENT trial reportedly achieved positive milestones, sparking interest within the healthcare segment of the All Ordinaries.

archTIS (ASX:AR9) Records Deal Activity

archTIS (ASX:AR9) shared news regarding a licensing agreement linked to its cybersecurity platform. The software-focused firm reported early traction from its collaboration with an overseas government agency. AR9’s movement is tied to the broader technology sector that saw selective trade support during the session.

Redcastle Resources (ASX:RC1) Engages Contract Miner

Redcastle Resources (ASX:RC1) confirmed the signing of a memorandum with a contract miner for upcoming works. The agreement covers specific exploration sites, with plans for shallow mining operations. RC1 maintained trading volumes within the junior mining segment of the All Ordinaries.

Pacgold (ASX:PGO) Reports Further Drilling Intersections

Pacgold (ASX:PGO) continued exploration at the Alice River gold project. RC drilling reportedly returned broad intersections, with visible activity noted in early market trade. PGO’s performance kept it aligned with broader movement among gold exploration peers.

Tempest Minerals (ASX:TEM) Shares Iron Ore Results

Tempest Minerals (ASX:TEM) published results from metallurgical tests at the Remorse deposit within the Yalgoo project. The results confirmed iron ore concentrate findings, lifting sentiment. TEM recorded strong early action and was among the top gainers on the All Ordinaries.

Broader Market Sees Sector-Led Advance

Despite international volatility, the ASX 200 held a firm tone in morning trade. Support from energy, mining, and selected healthcare and tech counters contributed to gains across key market indices, including the ASX 100 and ASX 300.