Senate Passes Russian Uranium Import Ban, Sending to Biden (3)

The Senate voted Tuesday evening to approve legislation banning the import of enriched uranium from Russia, sending the measure to the president. President Joe Biden plans to sign it into law soon, according to the White House.

The Prohibiting Russian Uranium Imports Act, approved by unanimous consent, would bar US imports 90 days after enactment while allowing temporary waivers until January 2028.

North American uranium mining stocks rose early Wednesday on the vote. NexGen Energy Ltd. gained as much as 9.7% and Cameco Corp. as much as 5.5%. The Global X Uranium ETF climbed as much as 5.4% and shares ...