Uranium stocks in 2022: Sprott CEO calls for another bullish year

With descriptors like “enormous growth” and “tremendous impact”, Sprott Asset Management’s chief executive officer sounds like he’s talking about the Incredible Hulk when describing his massive bet on uranium in 2021. The Toronto-based firm’s Physical Uranium Trust (U-UN.TO), the only publicly-listed fund in North America that invests in physical uranium, has grown its assets from …

Sprott Physical Uranium Trust Announces Filing of Second Amended and Restated Base Shelf Prospectus and Updated “At-The-Market” Equity Program

TORONTO, Nov. 23, 2021– Sprott Asset Management LP (“Sprott Asset Management”), on behalf of the Sprott Physical Uranium Trust (TSX: U.UN) (TSX: U.U) (the “Trust” or “SPUT”), a closed-ended trust created to invest and hold substantially all of its assets in physical uranium, today announced that the Trust has filed and obtained a receipt from …

4 Uranium Juniors React to SPUT (Strategies, Future, Investors)

The establishment of the Sprott Physical Uranium Trust has created quite a stir. Sprott’s extensive buying has created an unprecedented excitement and demand, leading to the highest prices we’ve seen in a long time. But what effect has this catalyst had on the strategies of major uranium industry players? Especially considering that the changing market …

The uranium squeeze

Will we see a similar price run to the early 2000s? Uranium, the commodity that provides us with nuclear fuel used to generate electricity in nuclear power stations, has surged to price levels last seen in 2015. Many are saying that the current market dynamics have created a uranium squeeze that could propel the commodity …

Kazatomprom Announces Investment in Physical Uranium Fund

JSC National Atomic Company “Kazatomprom” (“Kazatomprom” or “the Company”) is pleased to announce that its Board of Directors has passed a resolution to participate in a physical uranium fund, ANU Energy OEIC Ltd. (“ANU Energy” or “the Fund”), established on the Astana International Financial Centre (AIFC). The Fund will hold physical uranium as a long-term …

Uranium giant in talks to supply Sprott as investor demand soars

Top uranium miner Kazatomprom said it may supply the metal to Sprott, the investment firm whose aggressive bets on the market have helped drive a surge in prices. “We already started talks with Sprott,” Askar Batyrbayev, chief commercial officer of the Kazakh producer, said in an interview. “A lot of financial players” are increasingly interested …