Energy Fuels Inc (AMEX:UUUU) shares are trading higher on Tuesday, in sympathy with Cameco Corporation (NYSE:CCJ), which announced a strategic partnership with Brookfield Asset Management Inc (NYSE:BAM) and the U.S. government to construct Westinghouse nuclear reactors.

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What Happened: Cameco disclosed it signed a binding term sheet with the U.S. Department of Commerce for a collaboration designed to speed up Westinghouse’s nuclear reactor technology rollout worldwide while strengthening domestic and international supply chains and the nuclear industrial base.

Under the deal, at least $80 billion of new reactors will be constructed across the U.S. using Westinghouse nuclear reactor technology.

The arrangement calls for the federal government to organize financing and speed up approval for new Westinghouse reactors in the U.S. Once running, ...