The outlook for nuclear energy and the uranium market has never been brighter with a variety of important developments that are propelling nuclear power towards a major resurgence, Texas-based Uranium Energy Corporation (UEC) said in a letter to shareholders.

President and chief executive officer Amir Adnani said in the letter those developments include new highs in nuclear power public opinion polls, strong bipartisan support in the US Congress, the inclusion of nuclear power in the European sustainable finance taxonomy and continued robust global growth.

“The fundamentals driving the improved market are long-term in nature and offer considerable opportunity for significant uranium price and equity appreciation,” Mr Adnani said.