Aussie uranium miners gain after Meta signs nuclear power deal with US firm

ReutersJun 4, 2025 2:21 AM

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Shares of Australian uranium miners Paladin Energy PDN.AX, Boss Energy BOE.AX and Deep Yellow DYL.AX rise between 4.7% and 6.9%

Tech giant Meta META.O inks a deal with Constellation Energy CEG.O to keep one of the utility's reactors in Illinois operating for 20 years

Uranium, a key fuel for nuclear reactors, is seeing rising demand due to the rapid expansion of artificial intelligence and energy-hungry data centers

PDN stock among top gainers in the benchmark ASX200 index .AXJO

PDN, BOE, DYL mark their biggest intraday percentage gain since May 26

YTD, BOE up 56%, DYL up over 12%, PDN down 22%, including the day's move

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