In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a small gain. At the time of writing, the benchmark index is up 0.3% to 8,879 points.
Four ASX shares that are rising more than most today are listed below. Here's why they are pushing higher:
Boss Energy Ltd (ASX: BOE)
The Boss Energy share price is up 6% to $1.96. Investors have been buying Boss Energy and other ASX uranium stocks today following positive industry news. Overnight, US Energy Secretary Chris Wright revealed that his government hopes to see "rapid growth" in consumption of the nuclear fuel, and that the US needed to move away from reliance on Russian-enriched uranium. Combined with the International Atomic Energy Agency (IAEA) upgrading its global nuclear operational capacity estimates, this has put a rocket under uranium miners.
IGO Ltd (ASX: IGO)
The IGO share price is up 2% to $4.72. This may have been driven by a broker note out of Citi this morning. According to the note, the broker has taken its sell rating off the lithium miner's shares and upgraded them to a neutral rating with a trimmed price target of $4.40. It made the move on valuation grounds following a sharp pullback in its share price in recent weeks.
New Hope Corporation Ltd (ASX: NHC)
The New Hope share price is up 7% to $4.68. This follows the release of the coal miner's FY 2025 results this morning. New Hope reported an 18.1% increase in group saleable coal production of 10.7Mt. However, due to weaker prices and despite cut reductions, the company's EBITDA fell approximately 11% to $765.8 million. This led to the company's board cutting its final dividend by 32% to 15 cents per share. However, this still brought its full year dividend to 34 cents per share, which is the equivalent of a 7%+ dividend yield and ahead of consensus estimates.
Sunrise Energy Metals Ltd (ASX: SRL)
The Sunrise Energy Metals share price is up 30% to $4.36. Investors have been buying this scandium developer's shares after it released a big announcement. Sunrise Energy Metals revealed that it has received a letter of interest from the Export-Import Bank of the United States (EXIM) outlining the potential to provide up to US$67 million in debt financing for the Syerston Scandium Project in central New South Wales. Based on its current estimates in the Feasibility Study, this represents approximately half the development capital for the project.
