Obama Nuclear Plan Fuels USEC Inc. and Uranium Resources, Inc. Shares

Gitty up, Obama is going nuclear and shares of USEC Inc. (NYSE:USU) and Uranium Resources, Inc. (NASDAQ:URRE) are both up 7%+ on the news that Obama and his administration will provide more than $8 billion in loan guarantees to help build a nuclear power plant in Georgia.

"We're going to have to build a new generation of safe, clean nuclear power plants in America," Obama said. "This is only the beginning. My budget proposes tripling the loan guarantees we provide to help finance safe, clean nuclear facilities."

The budget would add $36 billion to an existing $18.5 billion in available loan guarantees, for a total of $54.5 billion. Federal regulators are reviewing applications for 22 plants to be built in the next two decades.

Here are your SPECULATIVE plays for nuclear goodness (Google links):

USEC Inc. (Public, NYSE:USU)
USEC Inc. is a global energy Company. It is a supplier of low enriched uranium (LEU) for commercial nuclear power plants. LEU is a component in the production of nuclear fuel for reactors to produce electricity. It supplies LEU to both domestic and international utilities for use in about 150 nuclear reactors worldwide; is an agent for the U.S. government under a nuclear nonproliferation program with Russia, known as Megatons to Megawatts; perform contract work for the United States Department of Energy (DOE) and its contractors at the Paducah and Portsmouth gaseous diffusion plants (GDPs), and provide transportation and storage systems for spent nuclear fuel and provide nuclear and energy consulting services.

Uranium Resources, Inc. (Public, NASDAQ:URRE)
Uranium Resources, Inc. (URI) is primarily engaged in the business of acquiring, exploring, developing and mining uranium properties using the in situ recovery (ISR) or solution mining process. As of December 31, 2008, the Company owns both producing and undeveloped uranium properties in South Texas and undeveloped uranium properties in New Mexico. In June 2008, the Company and Billiton Investment 15 B.V. agreed to terminate an agreement under which URI agreed to purchase Rio Algom Mining LLC.