11:44 AM EDT, 05/27/2025 (MT Newswires) -- Cameco ( CCJ ) and NexGen Energy ( NXE ) will likely benefit from US President Donald Trump's executive orders directing renewed nuclear energy development in the US, RBC Capital Markets said in a note dated May 25, 2025.

RBC sees the orders as "very beneficial" to Cameco ( CCJ ), as subsidiary Westinghouse provides nuclear services and offers the most readily available advanced large nuclear reactor design for US deployment

It noted NexGen is developing the "world's best uranium project" in Rook I uranium project and would benefit long-term from increased uranium demand.

RBC said: "We think the impact on uranium is moderately positive given incremental long-term demand with upside if further nuclear capacity is greenlit -- we roughly estimate an additional 10Mlbs uranium

requirements (near 4% of our 2035 demand forecast) from plans for 5GWe up-rates, 10GWe new large

reactors, and advanced reactor deployments."

"However," it added, we would like more clarity on the directives to evaluate reprocessing spent fuel (which we view as very uneconomical) and any future support for domestic uranium production."

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