The Zhitong Finance App learned that Canada's provinces of Ontario, Saskatchewan, New Brunswick and Alberta announced a nuclear energy plan on Monday. The provinces hope to build several small nuclear reactors. The first will be put into operation in Ontario in 2028, two in New Brunswick and one in Saskatchewan by 2030.

Although nuclear energy is cheap, carbon-free, and unintermittent, several European countries have shut down nuclear power generation facilities to avoid problems associated with nuclear waste.

John Gorman, president of the Canadian Nuclear Association, said on Monday, “It's worth noting that in Canada or around the world, the fuel used has never hurt anyone, let alone killed anyone.” He added, “The energy density of uranium is about 1 million times that of coal... the amount of uranium needed to power our entire lives can be contained in a single Coke bottle.”

Nuclear energy has recently received more and more attention due to growing concerns about energy security.

British Prime Minister Boris promised last week that he will support the construction of new nuclear power plants and hopes that nuclear energy can meet 25% of Britain's electricity needs. Alaska recently introduced a bill aimed at streamlining the state's approval process for small nuclear reactors. Notably, the European Commission agreed to define nuclear energy as a sustainable green energy source under specific conditions.

The market has also set its sights on uranium stocks. Sprott Physical Uranium Trust (SRUUF.US) recently revealed that its biggest personal investment came from a macro hedge fund. Cameco (CCJ.US), one of the world's largest uranium suppliers, issued strong performance guidelines and said the long-term oversupply situation in the uranium market has changed. Since the beginning of the year, the Global X Uranium ETF (URA.US) has risen 12%. Investors are closely watching whether the US will include Russian uranium on the sanctions list in the future.