Nuclear Waste Management Organization senior transportation engineer Ulf Stahmer holds enough model uranium pellets to power a house for a year during a tour of NWMO's facility in Oakville, Ont. on Dec. 12, 2023. Photo by THE CANADIAN PRESS/Frank Gunn

Canadian uranium stocks rose on Monday after a report suggested the United States may expand its own domestic stockpile of the metal in order to avoid Russian supplies as it looks to produce more electricity.

Cameco Corp. ‘s share price jumped by nearly 10 per cent and hit a record high on Monday, which indicates investors believe the miner would stand to benefit from a surge in U.S. demand. Other Canadian uranium company stocks,

The rally followed a Bloomberg News interview with

“We’re moving to a place — and we’re not there yet — to

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