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BUZZ-Uranium miners rise after US Federal Reserve cuts rates

Reuters·09/18/2024 18:55:33
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BUZZ-Uranium miners rise after US Federal Reserve cuts rates

** Shares of Uranium companies gain after the U.S. Federal Reserve cuts interest rats by half a percentage point

** Easing interest rates makes borrowing costs cheaper for cost-heavy projects like uranium mines US/

** Shares of Ur-Energy URG.A up 5.7%, Uranium Energy UEC.A rises 4.6%, Energy Fuels UUUU.A gains 3.4%, Centrus Energy rises LEU.A up 3.2%

** Canadian miners NexGen Energy NXE.TO and Cameco CCO.TO rise 2.8% and 1.5%, respectively


(Reporting by Seher Dareen in Bengaluru)

((Seher.Dareen@thomsonreuters.com;))