Shares of Energy Fuels (UUUU) surged 5.05% in the pre-market trading session on Wednesday, as the uranium mining company could potentially benefit from a mineral rights deal between the United States and Ukraine.
According to recent reports, Ukraine has agreed to a mineral rights deal with the U.S., paving the way for American mining companies to tap into the country's natural resources. This development has sparked speculation that Energy Fuels, a prominent player in the U.S. uranium mining industry, could capitalize on this opportunity.
While details of the deal remain scarce, analysts believe that if Energy Fuels secures access to Ukraine's mineral reserves, it could potentially boost the company's production capabilities and strengthen its position in the global uranium market.
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