Junior uranium mining companies went nuclear in June 2023, appreciating 18.93% and outperforming large-cap miners considerably.
This is according to the latest Sprott Uranium Report , which says the performance of smaller uranium players reflects the sector’s ‘increasingly bullish’ fundamentals. The report adds it also illustrates the growing reality that future uranium supplies will have to come from restarting mothballed operations and bringing new ones into development.
S&P Global adds that after idled capacity comes back online over the next 5 years, uranium supply deficits will grow deeper starting in 2028.
The Sprott Uranium Report says uranium mining equities posted strong results last month, climbing 11.66%. The report, which is produced by Sprott Asset Management, notes the outperformance of mining equities over physical uranium was a reversal of prior months of underperformance, which the firm believes was an indication of market dislocation.Sprott reiterates the sentiment of mining magnate Tim Goyder who told […]
- Do contribute something to the discussion
- Do post factual information, analysis and your view on company valuations
- Do disclose if you have an interest in a security
- Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
- Do not complain about a post unless you have reported it first, and not on the forum.
- Do not post financial advice
- Do not advertise or post sponsored content