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Highlights
- US targets 10 new nuclear reactors by 2030
- Uranium prices spike over 12%
- ASX-listed uranium stocks show strong momentum
The uranium sector saw renewed enthusiasm as US President Donald Trump signed an executive order aimed at accelerating nuclear energy development. This move, announced on 23 May, is designed to revamp the country’s nuclear industry, including the construction of 10 large-scale reactors by 2030 and uprating existing facilities to add 5 gigawatts of new power capacity.
This policy push includes federal financial backing through loans and guarantees, prioritising firms poised for near-term deployment of advanced nuclear technologies. The White House also outlined a roadmap to rebuild the domestic nuclear fuel supply chain, which currently meets just 5% of national reactor demand. Regulatory hurdles and a decades-old ban on reprocessing commercial fuel have led to a heavy reliance on foreign uranium sources.
The US government believes its untapped reserves of uranium and thorium could support advanced reactor technologies. It is now also expanding its nuclear workforce and infrastructure to support educational pathways in nuclear engineering and technical training.
The announcement triggered a strong response in uranium prices, with futures climbing back above US$70 (A$107) per pound—up over 12% since mid-March 2025. Although uranium is not traded on open markets, this price movement reflects growing demand and optimism in the sector.
ASX-listed uranium explorers and developers were quick to reflect this momentum. GTI Energy (ASX:GTR) surged 25% to $0.005 after progressing towards the completion of a Scoping Study for its Lo Herma Project in Wyoming’s Southern Powder River Basin. The project holds a resource of 8.57 million pounds of uranium-equivalent.
Lotus Resources (ASX:LOT) climbed 10.81% to $0.21. The company is on track to restart its Kayelekera Uranium Mine in Malawi in Q3 2025, with expected output of 19.3 million pounds across a 10-year life span. The mine previously produced 11 million pounds before being put on hold due to weak prices.
Larger uranium players also rallied. Deep Yellow (ASX:DYL) advanced 13.65% to $1.42, Paladin Energy (ASX:PDN) rose 8.84% to $6.28, and Boss Energy (ASX:BOE) gained 7.29% to $4.27.
These developments have not only energised investor interest in uranium but also highlighted opportunities within the broader ASX200 index. With global clean energy goals gaining urgency, uranium-focused companies may attract further attention—especially among those exploring ASX dividend stocks for long-term energy exposure.
As nuclear policy gains traction globally, the focus on domestic supply chains and advanced technology adoption could reshape the uranium investment landscape significantly.
