URG - Uranium names rise as Granholm says reserve plans moving forward

zhongguo/E+ via Getty Images Shares of Cameco ([[CCJ]] +3.1%) and other uranium producers trade mostly higher after U.S. Energy Secretary Jennifer Granholm tells a Senate panel that the Biden administration will move forward with a uranium reserve, even though the latest proposed federal budget eliminates funding for the initiative. According to Bloomberg, Granholm says the administration plans to use previously appropriated funding for the reserve. Among other uranium names: [[UUUU]] +2.6%, [[UEC]] +1.7%, [[URG]] +0.6%, [[DNN]] -1.1%, [[NXE]] -0.2%, [[FCUUF]] -1.4%. ETFs: [[URA]], [[URNM]] China says radiation levels are normal around the Taishan nuclear power plant in Guangdong province, following media reports of a leak at one of its reactors. Uranium stocks fell sharply yesterday on reports that the U.S. government was assessing reports of a leak at the Chinese plant.

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Uranium names rise as Granholm says reserve plans moving forward