Why the uranium bulls are finally right

The uranium bulls are up and about. The spot uranium price is up almost 10% since the start of August and is now up 27% so far in 2023. If you have been investing a while, you might be experiencing déjà vu. It’s not the first time in the past decade we have been bombarded with charts showing the case for uranium and an imminent supply shortfall. Plagued by setbacks including the Fukushima disaster in Japan, investors have mostly been disappointed.

This time, though, we think they are right.

Our Forager International Shares Fund has been invested in the Canadian-listed Sprott Physical Uranium Trust (TSX:U.UN) for two years and we think the case remains compelling. Never miss an update

Get the latest insights from me in your inbox when they’re published.After 15 years of next to no investment in uranium mining assets, our view is that the price needs to rise further […]

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