The era of “cheap” uranium is fading away, Kazatomprom’s CEO told investors in a half-year financial results call that also gave updates on forthcoming contracts and delays to an acid plant construction project. Citing the pledge signed by 38 countries across the world – together making up more than 70% of global GDP – to …
Core Power said it is targeting first construction “from 2028” under a newly announced federal-private cooperation framework to accelerate the commercial, industrial and regulatory pathway for a future fleet of US-flagged nuclear-powered merchant ships. The US Department of Transportation’s Maritime Administration (MARAD) and Core Power (US) Inc announced their signature of a non-exclusive Memorandum of Cooperation to collaborate on …
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 …
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 …
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 …
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 …
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 …
This year nuclear fuel has risen in price to its highest level since 2012 After years of stagnant prices, a 37 per cent rally in prices for nuclear fuel uranium has helped attract investors back to the sector. Funds such as Ben Melkman’s New York-based Light Sky Macro, Anchorage Capital and Tribeca Investment Partners have …
Australia is a country nearly the size of the continental US with a population of about 26 million people. It is a country with vast open spaces. Most of its population is found on its east coast in New South Wales and Queensland, some population centers in Western Australia, South Australia, the Northern Territories and …
Uranium had been sitting at historic lows for most of the last decade, but as demand and sentiment surrounding uranium turned around slowly, prices have begun to turn around. Prices have risen by 40% in the month of September alone, overtaking all other major commodities. A few weeks ago, millions of pounds of supplies were …