Could ASX uranium shares enjoy vastly expanded exploration grounds?

Three business people stand on platforms in the desert and look out through telescopes. Having enjoyed an exceptionally strong run this year, ASX uranium shares are putting in a mixed performance today.

But Australia’s leading uranium stocks could be looking at some much larger hunting grounds and potentially much larger future revenues should the existing ban on uranium mining across multiple states be lifted. What’s been happening with ASX uranium shares?

ASX uranium shares have benefited from rocketing uranium prices in 2023, with yellowcake topping US$80 per pound recently, marking 15-year highs.

This comes as a growing number of nations are returning their attention to nuclear energy to provide reliable baseload energy as the world works to lower carbon emissions. That’s seen the demand for uranium outpace new supplies, driving up the price.And it’s helped ASX uranium shares return some market-smashing gains this year.Here’s how these five leading miners have […]

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