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NANO Nuclear Energy (NASDAQ:NNE) +41.5% in Friday’s trading after the company noted the recent passage by the U.S. Senate of the Accelerating Deployment of Versatile, Advanced Nuclear for Clean Energy Act to boost advanced nuclear technology deployment.
The company said the ADVANCE Act “plays exactly into NANO Nuclear’s mission of developing cutting edge portable micro nuclear reactors. Among other things, the ADVANCE Act provides funding and directives for developing and deploying new nuclear technologies and reduces regulatory costs for companies seeking government licenses for advanced nuclear reactors.”
Separately, the Department of Energy said this week that the U.S. is bidding to eventually buy up to $2.7B of domestically supplied enriched uranium, as it seeks to boost the supply chain for the nuclear reactor fuel and steer the country away from buying it from Russia.
ETFs: (URA), (NLR), (URNM)