As the spot uranium price climbed just over 1% last week, Sprott Asset Management may add further impetus to equities after acquiring a pure-play uranium ETF.
-Sprott Asset Management acquires uranium ETF URNM
-COP26 highlights main advantage of small modular reactors
-Kazatomprom lowers production guidance
-Uranium spot price rises just over 1% for the week
In additional significant news for uranium equity investors, Sprott Asset Management has announced an agreement to acquire the US-listed North Shore Global Uranium Mining ETF (code:URNM), which will be re-badged as the Sprott Uranium Miners ETF.Settlement is expected to occur in the first quarter of 2022.According to Brandon Munro, Managing Director and Chief Executive Officer of ASX-listed Bannerman Energy ((BNM)) “Acquiring a pure-play uranium ETF provides Sprott with a one two punch to broaden their appeal to generalist investors attracted to the uranium space. The broader marketing channel that Sprott can deliver […]
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