enCore Energy is trading 11.29% up now at $1.38 after uranium spot prices reached approximately $89.50 per pound, a six-month high.
- The rally follows supply concerns surrounding Kazatomprom’s delayed sulphuric-acid facility.
- Increased utility buying is supporting uranium producers broadly.
- Bitcoin and Ethereum were only modestly higher since the prior close, so cryptocurrency momentum does not explain the substantially larger share move.