Sprott’s Thirst for Uranium Sends Prices Soaring

Vancouver, BC –News Direct– MarketJar The uranium market is in a nuclear upswing, with prices soaring by over 30% to a staggering 12-year high of $72 per pound. 1 But, the heat’s just getting started.

This remarkable upturn in prices can be attributed to a carefully orchestrated series of events, starting with a dwindling uranium supply and an ever-mounting global demand for cleaner energy sources.

But, at the heart of this spectacle is Sprott Physical Uranium Trust (TSX:U.UN) (OTC:SRUUF) , which is buying up supply at a record pace. In the last two years, SPUT, the world’s largest and only publicly-listed physical uranium fund, has more than doubled its uranium supply to nearly 62 million pounds.

SPUT’s buying spree is expected to continue indefinitely after the recent announcement of its at-the-market equity program, 2 which will see the firm issue up to US$125 million in trust units to acquire even more physical […]

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