Shares of uranium and nuclear-related companies are trading higher, possibly in response to Ontario Premier Ford's recent statement that Canada should cut the U.S. off from high-grade nickel and refined uranium produced in Ontario. The commodity has reached a seven-month high.

CCJ's Uranium Production Down 5% in 1H26: Will 2026 Targets be Met?

Cameco Corporation reported a 5% decline in H1 2026 uranium production to 10.1 million pounds, with mixed performance across operations. McArthur River/Key Lake production rose 14% to 5.8 million pounds, but Cigar Lake output fell to 4.3 million pounds due to maintenance outages and operational challenges. Despite disruptions including flooding in Saskatchewan and equipment issues, Cameco maintained its 2026 production guidance at 19.5-21.5 million pounds. Energy Fuels made solid progress with 1.7 million pounds of finished uranium in H1, tracking toward its 2026 target of 1.5-2.5 million pounds.

QUICK SPARK: Nuclear Stocks Are Up 16% In August, 3 Names Rallied By Over 30%

The VanEck Uranium and Nuclear ETF is up 16% in August, its best month since January, with Energy Fuels, Uranium Energy and Denison Mines up over 30%.

Canada-US Tariff War Puts Critical-Mineral ETFs Back in Focus

Canada’s latest tariffs could intensify focus on critical-mineral supply chains, putting copper and uranium ETFs in focus.

Shares of uranium and nuclear-related companies are trading higher. The world's largest uranium producer KazAtomProm said in its H1 financial results that the era of cheap uranium is fading away in addition to disclosing new supply deals with Russia and China. Also, Centrus' CEO said in an interview that he expects the U.S. military to be a key buyer of its enriched uranium, which may help bolster demand for fuel and engineering services.

MARA Holdings, Coinbase Global, Ternium And Other Big Stocks Moving Higher On Friday

Dow Jones index gained around 350 points on Friday. MARA Holdings Inc (NASDAQ: MARA) rose sharply, while Bitcoin (CRYPTO: BTC) also traded higher. Other stocks recording gains include Evolution Metals (NASDAQ: EMAT), TRON (NASDAQ: TRON), Bakkt (NYSE: BKKT), Rezolute (NASDAQ: RZLT), Gemini Space Station (NASDAQ: GEMI), Robinhood Markets (NASDAQ: HOOD), Strive (NASDAQ: ASST), Moderna (NASDAQ: MRNA), Coinbase Global (NASDAQ: COIN), Bitdeer Technologies (NASDAQ: BTDR), and Circle Internet Group (NYSE: CRCL).

enCore Energy shares are trading higher after HC Wainwright & Co. maintained its Buy rating on the stock and lowered its price target from $3.75 to $3.5.