Sprott Physical Uranium Price, Forecast, Insider, Ratings, Fundamentals & Signals

Toronto, jan. 03, 2024 (globe newswire) -- sprott asset management lp (“sprott asset management”), on behalf of the sprott physical uranium trust (tsx: u.un) (tsx: u.u) (the “trust” or “sput”), a closed-ended trust created to invest and hold substantially all of its assets in physical uranium, today announced that the trust has updated its at-the-market equity program (the “atm program”) to issue up to an additional us$1.0 billion of trust units (the “units”) pursuant to a prospectus supplement dated january 3, 2024 (the “prospectus supplement”) to the short form base shelf prospectus dated january 3, 2024 (the “shelf prospectus” and, together with the prospectus supplement, the “offering documents”)...

Toronto, dec. 29, 2023 (globe newswire) -- sprott asset management lp (“sprott asset management” or the “manager”), on behalf of the sprott physical uranium trust (tsx: u.un and u.u) (the “trust”), a closed-ended trust created to invest and hold substantially all of its assets in physical uranium, today announced that the trust has filed a new us$1.5 billion preliminary base shelf prospectus with securities regulatory authorities in each of the provinces and territories of canada. the trust also announced the voluntary withdrawal of its final short form base shelf prospectus dated september 7, 2023 concurrently with the filing of the new preliminary base shelf prospectus.

Toronto, nov. 20, 2023 (globe newswire) -- sprott asset management lp (“sprott asset management”), on behalf of the sprott physical uranium trust (tsx: u.un) (tsx: u.u) (the “trust” or “sput”), a closed-ended trust created to invest and hold substantially all of its assets in physical uranium, today announced that the trust has updated its at-the-market equity program (the “atm program”) to issue up to an additional us$125 million of trust units (the “units”) pursuant to a prospectus supplement dated november 20, 2023 (the “prospectus supplement”) to the short form base shelf prospectus dated september 7, 2023 (the “shelf prospectus” and, together with the prospectus supplement, the “offering documents”)...

U3O8 spot prices and investment vehicles Yellow Cake plc and Sprott Physical Uranium Trust are up 125% since my first article in June 2022. The uranium spot market is tight, miners are acting out on large price incentives, and nuclear sentiment is as positive as it gets. Supply is increasing, signaling a potentially topping market, but Uranium-specific frictions and geopolitical tensions outweigh the current supply increases.

Chris DeMuth Jr. still favors uranium. Why he likes the commodity and has a significant position in the Sprott Physical Uranium Trust units.

While stocks dither in the new year, a dramatic rally has been under way in one corner of the commodity market that industry watchers expect to just keep going.

Uranium prices have climbed to their highest level in more than 15 years, prompting investors to take notice, as analysts point out the obvious signs that the big rally in the sector was years in the making.

The clean energy segment is getting smoked this year as solar companies are warning of the collapse in installation demand. Companies like SolarEdge Technologies Inc. NASDAQ: SEDG and microinverter manufacturer Enphase Energy Inc. NASDAQ: ENPH recently slashed guidance, resulting in an additional 30% haircuts to their already weak stock prices.

Uranium prices have reached their highest level in more than a decade as a global supply shortage persists, with the bull market for uranium investments still in its “earliest days.”

Yellow Cake plc and Sprott Physical Uranium Trust have seen significant gains since my last article in April 2023. Long-term contracted coverage rates in the US have increased, contributing to the recent movement in the spot price. The ongoing outperformance of U3O8 versus other commodities in 2023 is driven by the fundamentals, rather than by financial flows.

Sprott Physical Uranium Trust actively accumulates physical uranium from various sources sequestering uranium. Investors can gain exposure to the uranium market without physically handling the commodity by purchasing units or shares in the trust. The trust's investment strategy offers potential exposure to uranium market price movements, but investors should also be mindful of the drawbacks.

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Exchange-traded funds that provide investors exposure to uranium are falling Tuesday in the wake of a military junta overthrowing the president of Niger, a significant supplier of the metal, paring some of their sharp gains this week.