Denison Mines Corp. (NYSEAMERICAN:DNN) surged by 10.43% on Tuesday, closing at $3.07 per share as investors showed interest in uranium stocks after the US government announced an $80 billion investment in the energy sector. The government’s partnership with key companies aims to accelerate the deployment of nuclear power in the US.

The positive news regarding the country’s nuclear development is beneficial for uranium producers like Denison Mines Corp. (NYSEAMERICAN:DNN), as it is expected to drive up demand for uranium products to fuel nuclear facilities. DNN rallied alongside other companies in the uranium sector, including NexGen Energy, Uranium Energy, and Energy Fuels.

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Read more at Yahoo Finance: Denison Mines (DNN) Surges 10.4% as US Govt Places $80-Billion Bet on Nuclear