HK Stock Market Move | CGN MINING (01164) rose by over 5% again, financial institutions financing for purchase of uranium is increasing, and the importance of nuclear power is expected to be systematically raised.

CGN MINING (01164) rose by more than 5%, and as of the time of writing, it had risen by 4.43% to 5.19 Hong Kong dollars, with a trading volume of 97.6124 million Hong Kong dollars. On the news front, YCA announced on February 12 that it would increase the total amount of its private placement from the previously planned minimum of 75 million US dollars to about 110 million US dollars to expand its natural uranium procurement. YCA has the option to purchase 1.16 million pounds of natural uranium from Harumph Works for 26 years. In addition, the state-owned natural uranium platform is restarting overseas mine acquisitions. China National Uranium plans to acquire a 45% stake in the BMN subsidiary BMN UK. HuaYuan Securities released a research report stating that in the context of the rigid upward trend in AI electricity demand, nuclear power and uranium are evolving from "optional energy sources" to "strategic necessities", with the potential for systematic increases in long-term pricing power, cash flow stability, and capital attractiveness. It is worth noting that although all of CGN MINING's uranium products are sold to its parent company, pricing is linked to market prices, which can benefit from the positive factors of increasing global nuclear power demand leading to a rise in uranium prices.