The European parliament's recent decision to back plans to label gas and nuclear energy as green is likely to boost longer-term investment in nuclear.
"It's a vote of confidence from politicians and policymakers for utilities that have been struggling with the uncertainty," said Per Jander, director of nuclear and renewables at WMC Energy, the uranium technical adviser to Sprott Asset Management (TSX:SII).
Jander said the move paves the way for funds that are looking to invest in nuclear energy, including uranium, uranium miners and utilities.