Australian uranium mining stocks rise after Google and Constellation Energy reach agreement

Google's parent company Alphabet has agreed to purchase nuclear power from Constellation Energy, a deal that will drive the addition of 890 megawatts of reactor capacity, and Australian uranium mining stocks rose on the news. On Tuesday, Constellation Energy's shares in New York rose 12%. In early Asian trading in the Australian market, Paladin Energy rose as much as 6.5%, Deep Yellow gained 9.5%, Silex Systems rose 8.2%, and NexGen Energy advanced 6.2%.