Shares of uranium and nuclear-related stocks are trading higher on reports indicating the US plans to take more stakes in critical minerals companies.

PLATTS: 308--Platts Global Uranium U308 Daily Spot Assessment - 04Dec25

Platts Global Uranium U3O8 Daily Spot Assessment for December 4, 2025, shows no change in prices across various months for both U3O8 and UF6. The U3O8 12-month average remains at $77.85/lb, while the cumulative monthly average is slightly up by $0.01 to $75.86/lb. The UF6 cumulative monthly average stays at $264.00/kg, with a previous monthly average decrease of $5.01 to $267.17/kg.

15,449,753 Shares in Uranium Energy Corp. $UEC Purchased by Norges Bank

Norges Bank acquired 15,449,753 shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) in Q2, valued at approximately $105,058,000, representing 3.48% ownership. Other investors also increased their positions. Analysts have given the stock a consensus 'Buy' rating with a price target of $14.19. UEC's stock opened at $12.95 with a market cap of $6.26 billion.

Myriad Uranium Completes Large-Scale Radiometric and Magnetic Geophysical Survey Across Its Copper Mountain Project

Myriad Uranium Corp. has completed a large-scale helicopter-borne radiometric and magnetic survey across its Copper Mountain Uranium Project. This survey, conducted by Precision Geosurveys, covered 191.8 km2 and is a key step in understanding the project's potential. Preliminary data has been received, with final outputs expected in January 2026. The survey aims to illuminate underexplored areas and refine targets for future drilling. Historical estimates suggest significant uranium potential, but further exploration is needed to verify these findings.

Purepoint Uranium and IsoEnergy Approve 2026 Drill Program to Expand Nova Discovery

Purepoint Uranium Group Inc. and IsoEnergy have approved an expanded exploration program for 2026 to advance the Nova Discovery at the Dorado Project. The plan includes 17 drill holes totaling 7,450 metres, with winter and summer campaigns to expand Nova and test additional targets. An airborne magnetotellurics survey is also planned. The Nova Discovery remains open in all directions.