Uranium Week: Big Gains For Uranium Equities

Uranium Week: Big Gains For Uranium Equities

As the uranium spot price rose 3.8% for the week, share prices of current and prospective uranium producers rose solidly

-Uranium equities outperform most indices
-Cameco and Kazatomprom production reports
-Uranium spot price rise by 3.8% for the week

Share prices of current and prospective uranium producers rose solidly last week. A contributing factor was the announcement by Sprott Asset Management and physical uranium investment vehicle Uranium Participation Corporation (UPC) of an agreement to modernise the UPC business structure and pursue a US listing. For further detail refer to last week’s article: https://www.fnarena.com/index.php/2021/05/04/uranium-week-new-uranium-investment-vehicle/ Investment managers Shaw and Partners believe the importance of this announcement cannot be overstated. A US listing of UPC under Sprott may provide the investment vehicle with access to more capital and be linked to additional purchases of uranium in the spot market.Those additional purchases may put pressure on spot prices and cause an increase in […]

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