The benchmark S&P/ASX200 index, which had been down by as much as 0.4 per cent in early trading, finished Monday up 15 points, or 0.18 per cent, to 8,300.2, while the broader All Ordinaries gained 15.4 points, or 0.18 per cent, to 8,554.4.
"The ASX200 managed to dust itself off after an early drop to finish in positive territory," Capital.com analyst Kyle Rodda said.
Uranium stocks Boss Energy and Deep Yellow were the two biggest movers in the ASX200, climbing 7.3 and 7.0 per cent, followed by Paladin Energy in sixth place with a 5.8 per cent gain.
The surge came after Russia over the weekend banned enriched energy exports to the United States, a move that creates supply risks for US nuclear plants amid a resurgence of interest in fission technology to power AI data centres.
Overall, six of the ASX's 11 sectors finished higher and five finished lower, with consumer staples the biggest mover, rising 2.0 per cent.
Woolworths added 1.8 per cent and Coles climbed 2.1 per cent, even as Australian Competition and Consumer Commission inquiry investigates the power of Australia's two main supermarket chains. IGA supplier Metcash grew 3.2 per cent.
In the heavyweight mining sector, BHP rose 0.7 per cent to $40.36, Rio Tinto added 2.2 per cent to $116.21 and Fortescue grew 1.2 per cent to $17.95.
Goldminers were also doing well as the precious metal traded just under $US2,600 an ounce.
Northern Star climbed 2.5 per cent, Evolution added 2.6 per cent and Regis Resources rose 1.4 per cent.
However, Resolute dropped 5.6 per cent after the Perth goldminer agreed to pay the government of Mali $US160 million following the detention of three of Resolute's employees, including its chief executive Terence Holohan.
The big four banks were mixed, with CBA down 1.4 per cent to $153.02 and NAB dipping 0.2 per cent to $39.16, while Westpac grew 0.5 per cent to $33.24 and ANZ was flat at $32.46.
In tech, Life360 dropped 6.7 per cent to $21.22 after the family location sharing company announced chief executive Chris Hulls had sold down a portion of his shareholding.
In currency, the Australian dollar was buying 64.64 US cents from 64.61 US cents at Friday's ASX close.
ON THE ASX:
* The benchmark S&P/ASX200 index finished Monday up 15 points, or 0.18 per cent, at 8,300.2.
* The broader All Ordinaries lifted 15.4 points, or 0.18 per cent, to 8,554.4
CURRENCY SNAPSHOT:
One Australian dollar buys:
* 64.64 US cents, from 64.61 US cents at Friday's ASX close
* 99.83 Japanese yen, from 101.13 Japanese yen
* 61.31 euro cents, from 61.32 euro cents
* 51.16 British pence, from 50.99 pence
* 110.33 NZ cents, from 110.31 NZ cents.
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