NexGen Energy Ltd. (NYSE:NXE) saw a 12% increase in share prices on Tuesday, closing at $9.52 as investor confidence grew due to the US government’s $80 billion investment in the energy sector. The company rallied with other uranium stocks following a billion-dollar partnership to accelerate nuclear power deployment in the US.

Investors are optimistic about the potential impact of the US government’s partnership on NexGen Energy Ltd. (NYSE:NXE) and other uranium stocks, anticipating increased demand for uranium products with the expansion of nuclear reactors. The company recently raised A$1 billion through a global offering for the development of the Rook I Project in Canada.

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Read more at Yahoo Finance: NexGen (NXE) Climbs 12% as Govt Bares $80-Billion Support for Nuclear Devt