11:20 AM EDT, 10/24/2024 (MT Newswires) -- National Bank of Canada said Wednesday that it expects uranium companies Cameco ( CCJ ) , Denison Mines (DML.TO) and NexGen Energy ( NXE ) to benefit from recent news about material investments by US tech companies in the nuclear industry.

The bank expects Cameco ( CCJ ) to benefit the most given its exposure on both the production front as the largest North American producer of uranium, as well as through its exposure to the design and engineering of small modular reactors.

National Bank also expects Denison Mines and NexGen Energy ( NXE ) to benefit from the positive momentum given the expected timing of start of production at their flagship assets.

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