BUZZ-Aussie uranium miners climb on revival of US nuclear power plant, demand potential

Reuters09-24

** ASX-listed uranium miners advance significantly on reports of U.S.-based Constellation Energy and Microsoft

signing a power deal to revive a unit of a nuclear power plant

** Constellation to invest $1.6 bln to restart a unit of the Three Mile Island nuclear plant to supply electricity to Microsoft's data centers

** Shares of Perth-based Boss Energy , which forecast uranium output of 850,000 pounds in FY25, climb as much as 10.3% to extend an 8% gain from previous session

** BOE stock at its highest level since late August

** Paladin Energy rises as much as 8.3%, adding on to Monday's 4.7% gains

** Deep Yellow up 7.5% after advancing over 5% on Monday

** Near-term supply deficit of uranium and insatiable demand from the AI/tech sector are also factors in the rally in uranium miners, says Regan Burrows, resources analyst, Bell Potter Securities

** "Growth potential for uranium remains strong in our opinion," Burrows adds

** BOE, PDN, and DYL top three gainers in the ASX200 benchmark index

(Reporting by Sameer Manekar in Bengaluru)

((Sameer.Manekar@thomsonreuters.com; Twitter: ))

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