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Uranium stocks surge as investors bet on nuclear power amid a power crunch

Warning signs are displayed near a uranium mill facility in Utah.
George Frey | Reuters

Uranium stocks jumped on Monday, building on this month's gains, as investors bet that the energy crunch in Europe and Asia will give nuclear power a boost.

The NorthShore Global Uranium Mining ETF closed 5.5% higher on Monday, and Global X Uranium ETF gained 4.7%. The funds' October gains are now well north of 20%.