Sprott Uranium Watch
Sprott Energy Transition Materials Monthly: Has the Next Commodities Supercycle Begun?
February saw energy transition materials/critical minerals markets correct, but the secular story remains strong. As the global energy transition "arms race" heats up, the drive to secure supply is fast becoming more important than price. All signs indicate the 40-year bond bull market has likely ended and the next great secular bull market in commodities has begun.
Uranium‘s Mixed February
Jacob White, ETF Product Manager, Sprott Asset Management: Although markets in February saw a reversal of January's positive performance, spot uranium posted a slight gain of 0.20%, outperforming many other asset classes. Uranium miners made headlines with significantly-sized uranium contracts that reflect higher demand for long-term supply commitments. Uranium market fundamentals are the most positive in over a decade and are likely to continue to be the primary performance driver.
Video - BNN Bloomberg with Sprott CEO Whitney George
Whitney George, Sprott CEO: "In addition to our traditional precious metals focus, we have entered the energy transition materials space, which began with the creation of Sprott Physical Uranium Trust.... I believe Sprott is well equipped to offer energy transition investments, which will be a very important theme in the next 10 years."
Video - Bloor Street Capital Nuclear and Uranium Conference
John Ciampaglia: “I think it's an interesting time to be investing in uranium — from a fundamental perspective, from an energy policy perspective, from a geopolitical risk perspective….we've experienced a sea change in the level of interest related to uranium, energy transition materials and mining investments.” Bloor Street Capital's Nuclear and Uranium Virtual Conference featured John Ciampaglia, CEO of Sprott Asset Management, and Per Jander, WMC Energy, Director, Nuclear & Renewables.
Webcast - The Energy Transition Is Here. Is Your Portfolio Ready?
As the world sets aggressive goals to reduce reliance on fossil fuels and move to cleaner energy sources, critical minerals will be essential. Due to years of underinvestment, we believe demand is likely to outstrip supply for many energy transition materials, including uranium, lithium, copper, nickel and others. The investment opportunities may be powerful.
HANetf launches energy transition materials ETF
HANetf has launched the Sprott Energy Transition Materials UCITS ETF (SETM) to provide investors with a way to access the critical materials required for the energy transition, Investment Week can reveal.
A new nuclear reactor in the U.S. starts up. It’s the first in nearly seven years
For the first time in almost seven years, a new nuclear reactor has started up in the United States.
Biden admin offers $1.2 bln for distressed, shut nuclear plants
The Biden administration said on Thursday it is offering $1.2 billion in aid to extend the life of distressed nuclear power plants which, for the first time, could offer funding to a plant that has recently closed.
Sprott Energy Transition Materials Monthly: Critical Materials Start 2023 With a Bang
We believe we are in the early stages of an energy transition materials secular bull market and favorable supply-demand dynamics are likely going forward. The upward revision in global growth, the timing effect of the China credit impulse and the surprise ending of China's zero-COVID policy have provided a tailwind for the metals market. For energy transition metals, we see this as a cyclical boost on top of the robust secular demand that is in play.
Japan Adopts Plan to Make Maximum Use of Nuclear Power
The Japanese government Friday adopted a plan to make maximum use of nuclear power, in a bid to realize a carbon-free society while ensuring stable electricity supplies.
Sprott Uranium Report: Uranium‘s January Jump
Jacob White, ETF Product Manager, Sprott Asset Management: January was a strong month for uranium markets, with U3O8 uranium spot price posting a 5.05% increase and uranium mining equities gaining 14.65%. Looking ahead, we believe the uranium bull market still has a long way to run. Over the long term, increased demand in the face of an uncertain uranium supply is likely to support a sustained bull market.
Nuclear Power? Have No Fear—Our Clean Energy Future Is Radioactive.
It would be nice if solar and wind could give us all the power we need, but we’re going to need nuclear.
Nuclear power gets another look in ‘all-of-the-above’ energy approach as climate worries mount
Nuclear energy is increasingly getting another look by federal and state officials seeking to cut greenhouse gas emissions and bolster energy security.
Sprott Uranium Report: Key Trends for 2023 and December Recap
Jacob White, ETF Product Manager, Sprott Asset Management: Three key themes for uranium markets in 2023: 1) increased emphasis on energy security worldwide; 2) higher conversion/enrichment prices may boost spot uranium prices; and 3) the global energy transition supports the case for nuclear power. Uranium's performance was notably strong in 2022, despite the overall bear market. Although uranium mining equities fared less well, we believe that the positive fundamentals for uranium and nuclear energy are likely to provide support in 2023.
Korea Curbs Plans for Renewables in Push For More Nuclear
South Korea will boost nuclear power generation and downgrade its plans for renewable energy as the nation overhauls its electricity mix to meet emissions reduction targets.
Sprott Monthly Report: 2023 Top 10 Watch List
Paul Wong, CFA, Market Strategist: This year’s top 10 list offers Sprott’s thoughts on what will likely drive markets in the coming year and decade, from a macro perspective and the vantage of our asset classes: Precious Metals and Energy Transition Materials. We believe the global clean energy transition will grow more urgent as energy markets continue re-ordering and energy security becomes synonymous with national security. The signposts point to a commodity-intensive, inflationary and capital-intensive decade where energy transition materials and precious metals will become far more valued than in the prior market regime.
Will Big Plans For Nuclear Power Work Without Russian Uranium?
Many world powers have sped-up plans to introduce new nuclear power plants in a bid to reduce reliance on fossil fuels and decarbonise.
Britain opens nuclear fuel fund with aim to cut reliance on Russia
Britain said on Monday its 75-million-pound ($90.5 million) fund aimed at helping boost domestic production of nuclear fuel for power plants and cutting reliance on Russian uranium supplies was now open for applications.
Net Zero Isn’t Possible Without Nuclear
Unfortunately, outdated regulations are impeding much-needed innovation to fight climate change. Time is running short.
Rule amendment to allow extended operation of Japanese reactors
Japan's Nuclear Regulation Authority (NRA) has approved a draft of a new rule that would allow the country's nuclear power reactors to be operated for more than the current limit of 60 years. The amendment will require parliamentary approval.
Turkey In Talks With US to Buy American Nuclear Reactors
Turkey’s government and private companies are in talks with the US for purchases of small nuclear reactors, as the country looks to wean itself off coal.
US uranium producers announce contracts and production ramp-ups
Three more companies - enCore Energy, Ur Energy and Uranium Energy Corp - have been selected to provide domestically produced uranium to the USA's federal strategic uranium reserve. At the same time, Ur Energy has announced a ramp-up of production at its operating Lost Creek mine after expansions to its sales agreements.
Crumbling Nuclear Plant May Fuel Philippines After 36-Year Delay
A nuclear power plant on the Philippines’ western coast has sat idle for nearly four decades, costing billions of dollars and never producing a watt of electricity. Now, it’s at the center of a debate over whether the nation should finally adopt atomic energy.
Five ways the Biden DOE is spending big on nuclear energy
The Department of Energy is spending big to keep America’s old nuclear reactors online while laying the foundations of the nuclear energy industry of the future.
Sprott Uranium Report: The Optimistic News Continues
Jacob White, ETF Product Manager, Sprott Asset Management: The uranium markets did not perform as well as other sectors in November, despite having posted relatively strong performance throughout 2022. While the price of U3O8 uranium has lagged since May 2022, conversion and enriched uranium prices have significantly appreciated. We believe that current demand, coupled with a shift away from Russian suppliers, is likely to support a higher U3O8 uranium spot price.
Net Zero needs more nuclear — here’s why that’s a good thing
With more than 80 per cent of global GDP covered by one Net Zero pledge or another, meeting 2050 Net Zero targets means the world needs an unprecedented speed and scope of investment.
Sprott Webcast: Looking Ahead to Metals and Miners
2022 has been a difficult year for many asset classes. Markets were historically volatile, with higher-than-expected inflation, quickly rising interest rates, the Russia-Ukraine war and the threat of a global economic recession. While metals and mining investments shared in 2022’s volatility, we look ahead to brighter opportunities in 2023.
EU Commissioner outlines 'new conversation' on nuclear
The conversation around nuclear energy in Europe has shifted and its future now looks very bright, although there are still challenges to overcome, according to EU Commissioner for Energy Kadri Simson. She called for policy-makers, industry and technology leaders to work together to turn opportunity into reality.
Sprott Uranium Report: Uranium's October Optimism
Jacob White, Senior Analyst, Sprott Asset Management: The U3O8 uranium spot price climbed 8.32% in October, rising from $48.25 to $52.27 per pound. YTD as of October 31, 2022, the uranium spot price Has climbed by 24.12%. We believe the uranium bull market remains intact despite the negative macroeconomic environment. Our outlook is supported by the unprecedented number of announcements for nuclear power plant restarts, life extensions and new builds that are all creating demand for uranium.
Sprott Podcast: November 2022 Uranium Update
Just back from the NEI's International Uranium Fuel Seminar in Las Vegas, Per Jander tackles the latest uranium market news with Ed Coyne and John Ciampaglia. The trio covers uranium spot price action, the doubling of Cameco's YoY uranium production targets and the increased flow of new nuclear reactor announcements from governments worldwide.
Macron Wants to Make It Easier to Build Nuclear Reactors
President Emmanuel Macron wants to streamline rules to build new nuclear reactors faster as maintenance issues beset France’s aging atomic facilities and the energy crisis spurs the country to accelerate the shift away from fossil fuels.
IEA sees growth in nuclear as world responds to energy crisis
The International Energy Agency (IEA) projects more than a doubling of nuclear generation by 2050, with at least 30 countries increasing their use of nuclear power, in the Net Zero Emissions by 2050 scenario of its latest World Energy Outlook (WEO).
U.S. Developing Domestic Uranium Strategy
The United States is working on supplying its own uranium for existing and advanced nuclear reactors that could become commercial in the future to reduce dependency on Russia for the fuel, Jennifer Granholm, the U.S. energy secretary told reporters. The United States relies on Russia and its allies Kazakhstan and Uzbekistan for roughly half of the uranium powering its nuclear power plants.
Ottawa loans Ontario Power Generation $970 million to build Canada's first SMR at Darlington
Ottawa will provide Ontario Power Generation with a $970-million loan to build the Canada’s first small-scale nuclear power reactor at Darlington, which is expected to go online in 2028.
Welcoming the largest generator of clean power in the US
Nuclear reactors are America’s clean energy battleships. They make up the majority of our zero-carbon power, and we are at a crossroads. Our nuclear energy muscles were beginning to atrophy, but the technology is making a roaring comeback.
America's new nuclear power industry has a Russian problem
U.S. firms developing a new generation of small nuclear power plants to help cut carbon emissions have a big problem: only one company sells the fuel they need, and it's Russian.
Sprott Uranium Report: Uranium's September Setback
Jacob White, Senior Analyst, Sprott Asset Management: September was tough on uranium (both physical and stocks), which was negatively impacted by the month's drawdowns. We believe the uranium bull market remains intact, especially given that many countries are facing energy shortages and rocketing costs. Nuclear energy provides a solution as a reliable, affordable base-load energy source.
Mark Carney says net-zero impossible without nuclear power
Mark Carney, the former central banker who now heads Brookfield Asset Management Inc.’s transition fund, said that moving to a net-zero economy will be impossible without wider adoption of nuclear power.
Uranium ETFs to Play the Nuclear Renaissance
The energy crisis, resulting mainly from the war in Ukraine, and several extreme weather events caused by global warming, have sparked renewed interest in alternative sources of energy. Nuclear power is back in prominence, as governments try to tackle climate change and reduce dependence on Russian fossil fuels.
US Redoubles Efforts to End Dependence on Russian Nuclear Fuel
The Biden administration’s top energy official said the US will redouble its efforts to break free from its reliance on Russian nuclear fuel.
Bloor Street Capital's Uranium Conference 5.0
John Ciampaglia, CEO of Sprott Asset Management, and Per Jander of WMC Energy participate in Uranium Conference 5.0, and share their thoughts on the current market environment. 2022 has been a news filled year beginning with civil unrest in Kazakstan, the invasion of Ukraine, energy sanctions on Russia, UK's big push into nuclear power, the restart of idled nuclear plants in Japan and the impending energy crisis in Europe. So why isn't the price of Uranium higher?
Sprott Podcast: Fall Uranium Update
John Ciampaglia and Per Jander join Ed Coyne for this timely update on physical uranium and uranium stocks. Uranium markets have been abuzz in 2022 and are benefitting from positive sentiment among investors, despite the very difficult macroeconomic backdrop. Global governments are increasingly looking to uranium and nuclear power to help meet ambitious decarbonization goals, as the world transitions away from fossil fuels.
Why Advanced Nuclear Reactors Benefit Industry And Coal-Dependent States
The chemical maker DowDOW -3.1% will develop a small nuclear reactor for industrial applications, potentially replacing natural gas that is now burned at extremely high temperatures to make changes to chemical compounds. Advanced nuclear technologies, however, achieve the same result without releasing carbon emissions.
Uranium Funds Surf Price Surge in Renewed Bets on Nuclear Power
Uranium funds have soared from their summer lows as a global energy crunch revives interest in nuclear power.
Putin’s invasion of Ukraine threw energy prices into chaos. Now, the price of a key metal is surging
After years of being called too expensive and too dangerous, a mounting energy crisis kick-started by Putin’s invasion of Ukraine is forcing countries to reconsider their plans to rid themselves of nuclear energy.
3 Surprising Ways to Use Nuclear Energy
When people talk about clean energy, they don’t often realize that more than half of the emissions-free electricity generated in the United States comes from nuclear power.
EU support for uranium is exactly what miners of the fuel want to hear
Uranium's new lease on life, granted by the European Union on July 6, should give fresh legs to already strong prices for the yellow powder metal. The European Parliament, the EU’s legislative wing, voted positively to include nuclear energy in the bloc’s green-energy taxonomy.
Sprott Uranium Report: Uranium’s August Glow
Jacob White, Senior Analyst, Sprott Asset Management: Uranium, both the physical spot price and uranium mining equities, had standout performance in August. Uranium’s strength provided a notable divergence from the weak performance of the broader markets. Uranium's gains reflect the increased acceptance among global governments of nuclear power’s dual role in supporting the energy transition away from fossil fuels and higher energy security.
Nuclear policy 'U-turns' bullish for Canadian uranium producer Cameco
Governments from Japan to South Korea to California are making policy "U-turns" on nuclear power as the cost of energy soars in some of the world's largest economies. Uranium industry experts say the trend will tighten a market where production is already below demand.
China’s Nuclear Industry Says It Can Accelerate Expansion Plans
China has the capacity to build more nuclear reactors than planned through 2025, the nation’s top industry body said in its annual report.
Uranium Risks Becoming the Next Critical Minerals Crisis
Faced with the most serious energy crisis since the 1970s, the world is turning back to one of the biggest beneficiaries of the 1973 oil embargo: nuclear power.
California lawmakers vote to extend Diablo Canyon nuclear plant operations as state battles energy emergency
California’s state legislature voted in the early hours of the morning on the last day of the legislative session to give the state the option to keep Diablo Canyon, its last remaining operating nuclear power plant, open for another five years.
Draft Korean Energy Policy Reflects Expansion of Nuclear
South Korea's Ministry of Trade, Industry and Energy (MOTIE) has released a draft long-term energy plan looking 15 years ahead. Under the plan, the proportion of nuclear power will grow to almost one-third of the country's total energy mix by 2030 in a move aimed at boosting energy security and meeting climate goals.
Narendra Modi's nuclear power push gains traction as NTPC eyes new plants
A venture between NTPC Ltd. and India's monopoly nuclear developer is in advanced talks with the government to develop two 700-megawatt reactors in the central state of Madhya Pradesh.
Japan signals return to nuclear power to stabilise energy supply
Japan will restart more idled nuclear plants and look at developing next-generation reactors, Prime Minister Fumio Kishida said on Wednesday, setting the stage for a major policy shift on nuclear energy a decade after the Fukushima disaster.
Dawn of a New Nuclear Renaissance?
The Sprott Physical Uranium Trust (“SPUT”, TSX: U.U ($US); U.UN ($CA)) was launched just over a year ago in July 2021. While we were optimistic about the prospects for uranium, we could not foresee the tectonic shifts in the uranium sector that followed the launch and SPUT’s significant impact.
Newsom proposes $1.4 billion loan to keep Diablo Canyon running
There is still a chance for California’s last remaining nuclear power plant to stay open. Last Friday, more than 50 nuclear advocates testified in support of the Diablo Canyon nuclear power plant at a California Energy Commission workshop. Many spoke of the need for California to shore up its electricity grid in the face of coming heat waves and power outages.
World’s largest uranium miner Kazatomprom ups 2024 production goals
The world’s largest uranium producer, Kazatomprom, has increased its 2024 production target by about 10% on the back of growing demand for nuclear energy amid global energy concerns, in a move that points to a reversal of some of the more aggressive curbs seen in recent years as the industry seeks to run down inventory.
Japanese support for a nuclear restart is at its highest since Fukushima disaster, says former IEA executive director
In a first for Japan since the Fukushima nuclear disaster in 2011, public support for a nuclear restart is now at more than 60%, said a former executive director of the International Energy Agency, citing a possible energy shortage and a “very cold winter” as reasons.
Nuclear power's role in green goals grows
China is expected to further expand its installed nuclear power capacity during the 2022-25 period as the country goes full speed ahead with its green energy transition, eyeing carbon neutrality by 2060, said an industry group.
Manchin Deal Tosses $30 Billion Lifeline to US Nuclear Reactors
Struggling nuclear reactors would get a $30 billion lifeline under the Democrats’ climate change and tax bill that could save dozens of nuclear power plants from an early retirement.
No power technology can replace or do the job of nuclear energy today, says Duke Energy CEO
There is no technology that can replace nuclear energy today, Lynn Good, CEO of Duke Energy, told CNBC’s Jim Cramer at the Evolve Global Summit on Wednesday.
Part of the solution to climate change is nuclear power
In order to avoid cataclysmic climate failure, the world community must broaden its clean energy arsenal and accelerate technological advances. And that includes nuclear power.
Gas crisis spurs Germany to mull extending life of nuclear plants
Germany may extend the life of its three remaining nuclear power plants, the economy ministry said on Monday, as public support rises in the face of a possible cut-off of Russian gas.
Once-Unthinkable Nuclear Green Bonds Are Coming to Europe
Europe’s green bond market is preparing to finance nuclear energy projects for the first time.
Japan Wants Up to Nine Nuclear Reactors Online This Winter
Japanese Prime Minister Fumio Kishida said he asked for as many as nine nuclear reactors to be online this winter to help with an expected power crunch.
European Parliament has chosen to listen to the science
Today's decision by the European Parliament to include nuclear energy in the EU taxonomy will help the fight against climate change and accelerate progress towards a sustainable low-carbon energy system by stimulating investment in new nuclear projects, not just in Europe, but worldwide.
Namibia to see more mines reopening amid rising uranium prices
Namibia will see more mines reopening amid rising prices of uranium, the fuel used to produce nuclear energy.
IAEA initiative to accelerate deployment of SMRs
The International Atomic Energy Agency (IAEA) has launched a new initiative aimed at accelerating the safe and secure deployment of advanced nuclear reactors, with a particular focus on small modular reactors (SMRs).
Nuclear Power on the Upswing, Numerous Projects Take Shape Around the World
The International Energy Agency (IEA) says momentum is building for nuclear power in many countries amid soaring fuel prices and growing energy security concerns.
IEA calls for major role for nuclear power in clean energy systems
Nuclear power can play a significant role in helping countries solve the twin crises of energy and climate and securely transition to future energy systems dominated by renewables, according to a new report, Nuclear Power and Secure Energy Transitions: From Today’s Challenges to Tomorrow’s Clean Energy Systems, released June 30 by the International Energy Agency (IEA).
Uranium ETFs Could See Growing Demand
Russia’s invasion of Ukraine could accelerate uranium’s growing importance. Russia does not comprise a huge portion of the world’s uranium production, ranked sixth among uranium-producing countries in 2021, and representing roughly 6% of mined uranium, according to the World Nuclear Association.
Repurposing Fossil Fuel Power Plant Sites with SMRs to Ease Clean Energy Transition
As coal consumption surges amid energy market turmoil, global efforts to slash the use of the most polluting fossil fuel by 2050 appear increasingly challenged.
Nuclear Energy Industry Committed to Secure Fuel Supply
Since the tragic Russian invasion of Ukraine began, the United States has been rethinking how and if we do business with Russia. This is true in the power sector as well, and the nuclear energy industry has been examining its fuel supply chain, looking at all options that will allow us to transition away from any dependency on Russia.
South Korea Looks to Nuclear Expansion in Bid to Meet Climate Targets
South Korea will expand the role of nuclear energy in order to meet its climate target. President Yoon Suk Yeol’s new government will increase the portion of atomic power in the energy mix to meet its emissions reductions goal, or Nationally Determined Contribution, it said Thursday.
US Seeks $4.3 Billion for Uranium to Wean Off Russia Supply
The Biden administration is pushing lawmakers to support a $4.3 billion plan to buy enriched uranium directly from domestic producers to wean the US off Russian imports of the nuclear-reactor fuel, according to a person familiar with the matter. Shares of uranium companies surged.
Working in the Diablo Canyon reactor control room turned this mom into a nuclear advocate
Heather Hoff was working in the control room of the Diablo Canyon nuclear plant near in San Luis Obispo County, Calif., when an earthquake caused a tsunami that shut off the power supply cooling three nuclear reactors at the Fukushima Daiichi nuclear power plant in Japan. Three nuclear reactor cores at Fukushima melted down.
Uranium Investors Await Price Rally to Revive Namibia Projects
Namibia’s finance minister said uranium miners are waiting for prices to recover before reviving projects in Africa’s biggest producer of the ore, which is needed for nuclear power in a world shifting away from fossil fuels.
Energy Chief Asks Manchin for Domestic Uranium Enrichment Funds
The US Department of Energy is asking Congress for funding to create a domestic source of enriched uranium, calling the country’s reliance on Russian imports a “vulnerability” for both national and economic security.
Romania picks site of old coal power plant for first small nuclear reactor in Europe
Romanian nuclear energy producer Nuclearelectrica has selected the site of the old coal-fired power plant in Doiceşti, 90 kilometers northwest of the capital, for the installation of the first small modular nuclear reactor (SMR) technology in Romania. It broke the news in Bucharest at an SMR workshop organized by the US Trade and Development Agency (USTDA).
California, Long Leery of Nuclear Power, Joins Bid to Save It
The push to make nuclear power a key tool to fight climate change is getting a boost from one of the most unlikely places on Earth: California.
The West Desperately Needs To Invest In Uranium Mining
The European Union, the United States, and their Asia-Pacific allies have been on a sanction crusade against Russian for three months now. Energy was not the first target of sanction action, but it has risen to the top of the agenda now. And nuclear is no exception.
Russia dominates nuclear power supply chains — and the West needs to prepare now to be independent in the future
There were 439 nuclear reactors in operation around the globe in 2021, and 38 of them were in Russia, an additional 42 were made with Russian nuclear reactor technology, and 15 more under construction at the end of 2021 were being built with Russian technology.
Nuclear included in EU's repowering plan
The European Commission has formally adopted the REPowerEU plan which aims to rapidly reduce EU dependence on Russian fossil fuels. The plan recognises that nuclear will have a role to play in ensuring security of EU energy supplies, and highlights the importance of coordinated action to reduce dependence on Russian nuclear materials and fuel cycle services.
Unloved since Fukushima, uranium is hot again for miners
Uranium miners are racing to revive projects mothballed after the Fukushima disaster more than a decade ago, spurred by renewed demand for nuclear energy and a leap in yellowcake prices after Russia’s invasion of Ukraine.
Webcast: Uranium Miners and the Clean Energy Opportunity
Ed Coyne, Tim Rotolo and John Ciampaglia: A new uranium bull market is underway. Uranium miners are well positioned to take share within the energy sector as energy security and decarbonization take center stage globally. A uranium supply deficit is looming on the horizon, and uranium miners are likely to be the beneficiaries of increased investment. Learn more from our webcast replay.
Early Innings for Uranium Investments
A new uranium bull market is underway. Energy security and decarbonization are taking center stage globally, igniting a fresh and more rational look at the benefits of nuclear power. Ed Coyne, Senior Managing Director at Sprott, joins Tim Rotolo, co-creator of the North Shore Global Uranium Mining Index (URNMX), to explain how the Index is constructed to provide exposure to the key components of the uranium mining industry.
U.S. working on uranium strategy, should not import from Russia -Granholm
U.S. Energy Secretary Jennifer Granholm said on Thursday that the United States was working on a strategy to ensure steady uranium supply and that the country should not be sending any more money to Russia for the nuclear reactor fuel.
Video - NYSE with CEO John Ciampaglia on URNM
Douglas Yones, NYSE Head of Exchange Traded Products, interviews John Ciampaglia, Chief Executive Officer, Sprott Asset Management, on the recent launch of Sprott Uranium Miners ETF (URNM).
Sprott to bring its uranium mining ETF to Europe
Toronto-based Sprott Asset Management is preparing to launch an ETF in Europe providing exposure to companies in the uranium mining industry.
With Emissions Soaring, Democratic Governors Sour On Plans To Shut Down Nuclear Power
The governors of Michigan and California have signaled their support for President Joe Biden’s nuclear agenda.
Nuclear Needs Small Amounts of Land to Deliver Big Amounts of Electricity
Nuclear energy pairs perfectly with renewables such as wind and solar to create a reliable, clean energy system. It provides carbon-free, around-the-clock power to fill the gaps when the sun isn’t shining or the wind isn’t blowing. Nuclear also complements renewables because it generates more power with less land—31 times less than solar facilities and 173 times less than wind farms.
Sprott Podcast: Uncovering the World of Uranium
Host Ed Coyne is joined by Tim Rotolo, co-creator of the North Shore Global Uranium Mining Index (URNMX), to discuss the current dynamics of the uranium mining sector and how the Index is constructed to provide exposure to the key components of the uranium mining industry.
As Putin Threatens Nuclear Disaster, Europe Learns to Embrace Nuclear Energy Again
Europe was already considering expanding nuclear power for climate change purposes. The war in Ukraine might speed up the timeline.
U3O8 Price Update: Q1 2022 in Review
The first quarter of 2022 marked another positive performance for uranium, which saw its value rise an impressive 36 percent over the three month period.
U.S. Is Set to Launch a $6 Billion Effort to Save Nuclear Plants
The Energy Department is expected to provide details as soon as Monday on a $6 billion program aimed at keeping uneconomical nuclear plants in service, providing a lifeline to an industry that’s seen a raft of early reactor retirements driven by competition from cheaper power sources.
Guangdong plans to build nuclear power industrial parks to ensure energy security
According to the plan released by the provincial government, Guangdong will develop the nuclear energy industry, with new nuclear power industrial parks to be built in Yangjiang and other places.
Does Ukraine war mean a renaissance for nuclear in EU?
As the EU ramps up efforts to reduce dependence on Russian oil and gas, the focus has shifted back towards nuclear energy — along with renewables — as an option.
Bull run for uranium is in the second inning, Sprott CEO says
Sprott Asset Management CEO John Ciampaglia on the soaring price of uranium. With CNBC’s Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Karen Finerman and Dan Nathan.
As Russia attacks Ukraine, experts weigh European ‘renaissance’ for nuclear energy
As European leaders condemn Russia’s unprovoked invasion of Ukraine and unspeakable violence against civilians, many have found themselves in an awkward situation: They need Russian gas to heat buildings and generate electricity.
This daughter and father founded a company to bury nuclear waste by drilling deep boreholes
Currently, there is no permanent nuclear waste depository in the United States. Instead, nuclear waste is stored in dry casks at the locations of currently operating and former nuclear power plants around the country.
The US can’t seem to quit Russian uranium
Biden banned Russian fossil fuels, but uranium has been trickier to tackle.
India plans to build ten nuclear plants over next three years
The Indian government is reportedly planning to build ten nuclear power plants in ‘fleet mode’ in the country over the next three years.
China to expand deployment of nuclear power in clean, secure energy push
China's National Development and Reform Commission (NDRC) on Tuesday issued the 14th Five-Year Plan (2021-25) for a modern energy system, in which it outlined clear targets for annual energy supply capacity while specifying measures to enhance the country's energy independence, including increasing nuclear power as the country is going greener.
Government signaling u-turn in nuclear energy policy
The government is rushing to make a rapid course correction in its nuclear energy policy, as evidenced by the energy minister calling for swift construction of four nuclear energy plants, a plan that has long been stalled and faced political disruptions under the Moon Jae-in administration.
Belgium delays nuclear energy exit 10 years due to Ukraine war
Belgium on Friday delayed by a decade a plan to scrap nuclear energy in 2025, spooked by the huge rise in energy prices due to the Russian invasion of Ukraine.
Senate Republicans seek Russian uranium ban
A number of Republican senators will unveil legislation Thursday to ban imports of Russian uranium, a move that would further constrict the flow of U.S. dollars into Moscow’s war chest by adding yet another energy source to the list of those embargoed by America over the war against Ukraine.
Why Russia’s invasion of Ukraine lifted uranium prices to their highest in over a decade
Uranium prices have gained as much as 40% since Russia’s invasion of Ukraine, touching levels the market hasn’t seen in more than a decade, even though the war has had little immediate impact on global supplies of the fuel used to generate nuclear energy.
U.S. Weighs Sanctions on Russian Nuclear Power Supplier Rosatom: War in Ukraine
The Biden administration is considering imposing sanctions on Russia’s state-owned atomic energy company, Rosatom Corp., a major supplier of fuel and technology to power plants around the world, according to people familiar with the matter.
Uranium price spikes over Russia supply fears
The uranium spot price surged more than 10% on Wednesday closing in on $60 a pound after media reports that the Biden administration is considering imposing sanctions on Russia’s state-owned atomic energy company, Rosatom.
Eye-Watering Energy Prices Spark a Nuclear Power Rethink
Soaring fossil fuel prices and rising demand for clean energy have governments around the world reconsidering nuclear power programs that had been left for dead amid safety concerns and massive cost overruns.
Exclusive: U.S. utilities push White House not to sanction Russian uranium
The U.S. nuclear power industry is lobbying the White House to allow uranium imports from Russia to continue despite the escalating conflict in Ukraine, with cheap supplies of the fuel seen as key to keeping American electricity prices low, according to two sources familiar with the matter.
Exclusive: U.S. utilities push White House not to sanction Russian uranium
The U.S. nuclear power industry is lobbying the White House to allow uranium imports from Russia to continue despite the escalating conflict in Ukraine, with cheap supplies of the fuel seen as key to keeping American electricity prices low, according to two sources familiar with the matter.
Podcast - Uranium Update
Host Ed Coyne is joined by Per Jander from WMC Energy for a lively discussion on nuclear energy and how the uranium market has evolved since the launch of the Sprott Physical Uranium Trust. Ed and Per breakdown how environmental and geopolitical concerns, increased energy demand and energy security are all impacting the shift in sentiment towards nuclear energy.
Uranium & Nuclear Energy: Critical to the Clean Energy Transition
Ed Coyne, Per Jander and John Ciampaglia: Nuclear energy’s profile as a highly efficient, reliable and zero-carbon producing energy source has helped to create a new bull market for physical uranium. We discuss the shifting sentiment toward nuclear power and why a growing number of investors are investing in physical uranium and uranium miners.
DOE Establishes $6 Billion Program to Preserve America’s Clean Nuclear Energy Infrastructure
The U.S. Department of Energy (DOE) today released a Notice of Intent (NOI) and Request for Information (RFI) on the implementation of the Bipartisan Infrastructure Law’s $6 billion Civil Nuclear Credit Program.
Announcing new reactors, Macron puts nuclear power at heart of carbon-neutral push
France will build at least six new nuclear reactors in the decades to come, President Emmanuel Macron said on Thursday, placing nuclear power at the heart of his country's drive for carbon neutrality by 2050.
State regulators approve Xcel plan that shifts from coal to nuclear energy, renewables
Company wants to close its coal plants by 2030, extend the life of its Monticello reactor by 10 years and add new solar and wind farms.
EU proposes rules to label some gas and nuclear investments as green
Investments in some gas and nuclear power plants would be labelled as sustainable under rules proposed by European Commission on Wednesday, a plan that has split countries and investors, and which some lawmakers will attempt to block.
Europe’s Nuclear Power Plants Are Disappearing Just as Energy Crisis Hits Hard
Countries are plunging deeper into an energy crisis, but some governments are still shutting down reactors.
How to Invest in Uranium as Nuclear Power Returns
Nuclear power is back in the headlines. Unrest in Kazakhstan, which provides over 40% of the world’s uranium (the fuel most widely used to power nuclear plants), sent spot prices for the metal up nearly 10% to $46 per pound on 5 January.
Good news for uranium: Nuclear energy has a record reliability, despite past disasters
Nuclear energy has a proven record of reliability in a world that’s struggling to accept less dependable sources of renewable energy. That brightens the outlook for the uranium that fuels the sector.
Nuclear Power Production, by Country
Nearly 450 reactors around the world supply various nations with nuclear power, combining for about 10% of the world’s electricity, or about 4% of the global energy mix.
France's nuclear power program sparks tensions with Germany over what is clean energy
As Europe strives to curb greenhouse gas emissions, France is expanding nuclear power — setting itself at odds with Germany over what constitutes clean energy.
Visualizing Nuclear Power Production by Country
Nearly 450 reactors around the world supply various nations with nuclear power, combining for about 10% of the world’s electricity, or about 4% of the global energy mix.
Why the uranium price is set to keep rising
Turmoil in Kazakhstan – the world's leading producer of uranium, has sent the uranium price up by more than 8% in a week. And that's not the end of it.
Joe Manchin Just Gave Biden a Path for His Green Goals With Pro-Nuclear Stance
West Virginia Senator Joe Manchin, whose opposition is threatening to derail President Joe Biden’s massive social-spending plan, wants to expand at least one of its climate provisions: a tax credit to keep nuclear plants operating.
Uranium price rally spurs first exploration increase since 2011
Uranium mining companies reversed a 10-year decline in exploration budgets in 2021 as companies aim to capitalize on higher yellowcake prices and a rosier demand outlook.
Nuclear Power Reactors Could Be Way for Nations to Achieve Climate Goals
Reactors are poised to become a bigger part of the energy mix as the 2030 emissions deadline looms.
Uranium stocks jump as protests in Kazakhstan threaten global supply
The threat from recent protests and increasing political unrest in Kazakhstan are rippling through the global uranium market and is pushing shares of Canadian uranium producers higher.
EU’s plan to include gas and nuclear in ‘green’ ranking leaves investors confused
The commission sees natural gas and nuclear as means to “facilitate the transition towards a predominantly renewable-based future.
3 Reasons Nuclear Power Has Returned to the Energy Debate
If we believed our own rhetoric about the climate crisis, support for nuclear would be much higher.
Europe Plans to Say Nuclear Power and Natural Gas Are Green Investments
The draft proposal could help unleash a wave of investment, but critics say both sources of energy cause damage to the environment.
Giving Coal Communities a Second Carbon-Free Life
The climate crisis has shown that it is imperative to move away from carbon-emitting sources of energy, including coal. Now, areas across the U.S. are facing the closure of coal plants that have economically sustained the surrounding communities. Nuclear energy, which has zero operating emissions, can play a key role in giving these communities a second, carbon-free life.
What’s Next for Nuclear in 2022?
During the past year, the nuclear industry has seen significant milestones in international cooperation, domestic partnerships, new areas of expansion, and global recognition. Nuclear energy is poised to accomplish even more in the coming year.
Opinion: Germany is closing its last nuclear plants. What a mistake.
Germany is shutting three more nuclear power plants — nearly half of the nuclear capacity it has left — even as energy prices soar and the country struggles to cut its carbon dioxide emissions.
Germany Shuts Down Half of Its 6 Remaining Nuclear Plants
Germany on Friday is shutting down half of the six nuclear plants it still has in operation, a year before the country draws the final curtain on its decades-long use of atomic power.
10 Big Wins for Nuclear Energy in 2021
2021 was a BIG year for nuclear energy as the nation continues to cope with the COVID-19 pandemic.
Uranium Outlook 2022: Prices Have Broken Out, How High Will They Go?
2021 was an eventful year for uranium, but what’s the uranium outlook for 2022? Experts weigh in on supply cuts, rising demand and more.
China is Home to World's First Small Modular Nuclear Reactor
China continues to stake its claim as the world’s biggest proponent of new nuclear energy technology, connecting its first small modular reactor to the power grid.
Nuclear energy scares people. The climate crisis is giving it another chance
Memories of Fukushima, Chernobyl and Three Mile Island still loom large, fueling skepticism and fear of new nuclear projects. Yet the scale of the climate crisis is encouraging governments and investors to give the low-carbon energy source another look.
Is nuclear energy green? France and Germany lead opposing camps.
The French government wants to build reactors. The German government wants to shut them down.
The Netherlands to build new nuclear plants under coalition deal
The Netherlands will build two nuclear power stations in a bid to hit more ambitious climate goals, according to the new government's coalition agreement, published Wednesday.
How a Less-Than Six-Month-Old Fund Shook the Nuclear Fuel Market
Six months ago, the Sprott Physical Uranium Trust didn’t exist. Now it holds almost a third of the world’s annual supply -- and it’s getting bigger.
The West’s Nuclear Mistake
No government that really regarded climate change as its top energy priority would close nuclear plants before the end of their useful lives.
Nuclear Bans Tumble as Once-Skeptical States Seek Carbon Cuts
States that were once wary about nuclear power are now mulling policies to move forward with it as a way to decarbonize the electric grid, reach emissions-free energy goals, and preserve jobs in communities with aging and shuttering coal plants.
EU Weighs Giving Some Gas and Nuclear Projects Green Investment Label
The European Union is considering allowing some natural-gas and nuclear energy projects to be labeled as green investments -- as a temporary measure -- in a move that could help the shift to net zero but will also upset environmentalists.
Game on for nuclear, declares Bilbao y León
Nuclear energy offers a "golden opportunity" to create a cleaner and more equitable world, World Nuclear Association Director General Sama Bilbao y León said today at the World Nuclear Exhibition in Paris.
Are We At The Dawn Of A Nuclear Energy Renaissance?
We’ve heard these claims before. But the mounting scale of the climate and energy conundrum is fueling more money and favorable policies into atomic power.
Why Nuclear Power Plant Life Extensions & Uprates Matter
Per Jander, WMC Energy, Technical Advisor to Sprott Physical Uranium Trust: Research and development on small modular nuclear reactors (SMRs) is underway globally and generating tremendous buzz. But SMRs are not likely to contribute meaningful amounts of carbon-free power for another decade. By contrast, nuclear power plant life extensions and uprates hold the power to boost carbon-free electricity production in the interim and provide a bridge to a future date when new SMR technologies will be commercially available.
Key Facts about Spent Nuclear Fuel
Per Jander, WMC Energy, Technical Advisor to Sprott Physical Uranium Trust: Chemical reactions of fossil-fuel plants release more radiation into the environment than the operation of nuclear energy plants — 10 times more. Most nuclear-industry waste is relatively low in radioactivity, and only a small amount is produced. Estimates put the total waste from a nuclear reactor supplying one person's electricity needs for a year at the size of a standard brick.
UN crowns nuclear as lowest carbon electricity source
Nuclear power produces less CO2 emissions over its lifecycle than any other electricity source, according to a new report by United Nations Economic Commission for Europe (UNECE).
Bullish signals give uranium producers hope for market turnaround
Uranium producers say nuclear utilities have begun exploring long-term contracts now that a Canadian uranium fund has slurped up much of the excess supply in the spot market.
TerraPower selects Kemmerer, Wyoming as the preferred site for advanced reactor
TerraPower today announced Kemmerer, Wyoming as the preferred site for the Natrium™ reactor demonstration project, which is a TerraPower and GE-Hitachi technology, and is one of two competitively-selected advanced reactor demonstration projects (ARDP) supported by the U.S. Department of Energy (DOE).
Nuclear Shines Bright at COP26
For the past two weeks, the eyes of the world were focused on COP26 in Glasgow, Scotland. UN climate gatherings are a unique blend of quiet international negotiations and a whirlwind of public announcements and programming from governments, businesses, and environmental stakeholders alike.
Kazatomprom Signs Term Contracts with China
JSC National Atomic Company “Kazatomprom” (“Kazatomprom” or “the Company”) announces that the Company, represented by its Chief Commercial Officer, Askar Batyrbayev, participated virtually in the China International Import Expo 2021, held in Shanghai, China from 05–12 November 2021. During the Expo, Kazatomprom concluded two term contracts for the supply of Kazakhstani natural uranium concentrates: one with China National Uranium Company Limited, and a second with State Nuclear Uranium Resources Development Company Limited. The quantities and specific contract terms cannot be disclosed due to confidentiality and commercial sensitivity.
U.S. 'very bullish' on new nuclear technology, Granholm says
In an interview at the U.N. Climate Change Conference, Secretary of Energy Jennifer Granholm told Yahoo News on Friday that the Biden administration is “very bullish” on building new nuclear reactors in the United States.
Nuclear Power Is the Best Climate-Change Solution by Far
Politics seems to have become inimical to critical thinking, and nowhere is this more obvious than climate change. Politicians peddle apocalypse and demand that Americans accept skyrocketing gasoline and home heating costs, rolling blackouts and brownouts, endless subsidies for uneconomic vehicles and power generation, and on and on.
Countries Detail Nuclear Power Climate Change Plans in COP26 Event with IAEA Director
Government ministers and industry leaders from Brazil, Ghana, Russia and the United States spelled out their plans for using nuclear energy to help slash emissions to net zero and achieve sustainable development in a wide-ranging conversation at the UN climate summit with IAEA Director General Rafael Mariano Grossi.
Press Release: Sprott Asset Management Enters Agreement with North Shore Indices, Inc. to Acquire Licensing Rights to the Index Tracked by the North Shore Global Uranium Mining ETF
Sprott Asset Management has entered into a definitive agreement with North Shore Indices, Inc. to acquire an exclusive licence to use the North Shore Global Uranium Mining Index, which North Shore Global Uranium Mining ETF (“URNM”) seeks to track. Subject to approval, URNM would be reorganized into a newly created series of the Sprott Funds Trust, the Sprott Uranium Miners ETF; the reorganization is expected to close in the first quarter of 2022.
China’s Climate Goals Hinge on a $440 Billion Nuclear Buildout
China is planning at least 150 new reactors in the next 15 years, more than the rest of the world has built in the past 35.
Video - Uranium: The Catalyst in the Clean Energy Movement
The market for uranium is exploding, and the transition toward clean energy may depend on it. John Ciampaglia, CEO of Sprott Asset Management, chats with New York Times’ best selling author and founder of The Bear Traps Report Larry McDonald, laying out a compelling thesis on why uranium is a vital component for the energy needs of the world. Despite supply-side difficulties with uranium mining, Ciampaglia explains how a growing uranium market can give mines the resources they need to increase mining operations and power the planet.
The Green Brief: Gas, nuclear and the EU taxonomy saga
The European Union is moving closer to integrating nuclear power and natural gas in the bloc’s sustainable finance taxonomy – a set of rules designed to provide investors with a common definition of what is green and what is not in order to channel more capital into sustainable businesses.
Report highlights nuclear's contribution to SDGs
Nuclear industry organisations from around the world have today published a report highlighting the contributions made by nuclear towards achieving the United Nations' Sustainable Development Goals (SDGs).
France’s grid operator says cheapest path to net-zero needs nuclear power
France must build 14 new nuclear reactors, alongside a surge in renewables investment by 2050, if it is to meet its carbon-neutral goals at the cheapest cost, and without endangering supply, the country’s grid operator said in a report.
Duke Energy CEO: Net-zero emissions can’t be achieved without nuclear power
As one of the country’s largest energy holding companies, Duke Energy (DUK) is on a mission to slash 2005-level carbon dioxide emissions in half by 2030 on its path to decarbonize its power supply by 2050.
Japan OKs plan to push clean energy, nuclear to cut carbon
Japan adopted a new energy policy on Friday that promotes nuclear and renewables as sources of clean energy to achieve the country’s pledge of reaching carbon neutrality in 2050.
John Ciampaglia - Keynote Speaker - Red Cloud Oktoberfest 2021
Red Cloud Financial Services Presents the Oktoberfest Fall Mining Showcase 2021. John Ciampaglia, Chief Executive Officer, Sprott Asset Management and Senior Managing Director, Sprott Inc presents a keynote speech. Edited by Red Cloud Media.
Sprott fund transforms uranium spot market
Canadian investment fund Sprott Asset Management LP's new uranium trust has put its fingers on the scales of uranium prices once again.
No. 1 Uranium Miner Backs Physical Fund in Nod to Robust Demand
Kazatomprom, the world’s largest uranium miner, is backing a new uranium fund that aims to invest in the radioactive metal used to power nuclear reactors.
Japan’s carbon goal is based on restarting 30 nuclear reactors
Japan’s goal of reducing carbon emissions by 46% by 2030 is based on the assumption it will restart 30 of its nuclear reactors, a top ruling party executive said.
UK to fund new nuclear power station as part of net zero drive -Telegraph
The UK government will announce plans to fund a new nuclear power plant before the 2024 election as part of its Net Zero strategy, The Telegraph reported late on Sunday.
Sprott's John Ciampaglia on Uranium (SPUT)
John Ciampaglia, CEO of Sprott Asset Management, is interviewed by Bloor Street Capital Principal James Connor. John and James take a deep dive into the uranium investment case and Sprott’s latest fund launch, the Sprott Physical Uranium Trust.
Uranium: Born of the Stars
Jesse Day for Sprott: Uranium, an element born of the stars, is as complex as it is paradoxical. This heavy metal holds dormant powers both inspiring and terrifying. This new video shares incredible facts about uranium’s inter-planetary origins and looks at the critical role of uranium in the burgeoning green energy economy.
Uranium: The bull market everybody’s talking about
Three years ago, uranium was 'The bull market nobody was talking about', as I wrote in my earlier wire. But in 2021, it's finally caught the attention of investors. While the metal itself bottomed in late 2016, for miners and hopefuls the recovery has been a slow and painful one. Until recently.
Japan's new PM defends pro-nuclear stance in parliamentary debut
Japan's new prime minister, Fumio Kishida, defended his pro-nuclear energy policies on Wednesday, saying that re-starting nuclear power plants mothballed since the 2011 Fukushima disaster was vital.
Energy crisis sparks divide in Europe over nuclear power
The ongoing energy crisis has spurred division between France and Germany over expanding nuclear power.
Nuclear plants insulate France from the energy crisis. Now Macron is doubling down on them in a $35 billion moonshot plan
Six months before Emmanuel Macron faces a tough election for a second five-year term as president, the French leader unveiled a €30 billion ($35 billion) investment to ramp up tech innovation and heavy industry—in a clear attempt to win over his conservative skeptics and to position France as a major player in the global economy.
How Can Nuclear Replace Coal as Part of the Clean Energy Transition?
To meet the goals of the Paris Agreement and limit global warming to no more than 1.5°C compared to pre-industrialized levels, the phase out of coal is critical.
Nuclear Gains Ground in Plans to Phase Out Gas Use in Europe
Nuclear power is emerging as a green back-up option for renewables in Europe and to help reduce reliance on foreign supplies of natural gas.
Germany Should Postpone Exit From Nuclear Power, Letter From Prominent Professors And Environmentalists Argues
A newly penned letter to the FT, signed by professors from Oxford, Harvard and American University alongside a group of environmentalists, is urging that Germany postpone its exit from nuclear energy for benefit of the environment.
Opinion: To solve the carbon crisis, we need to talk nuclear power
Nuclear power is, in many ways, the most promising source of zero-carbon electricity.
Uranium Rally Could be Sign of New Era of Nuclear Acceptance
Uranium had been sitting at historic lows for most of the last decade, but as demand and sentiment surrounding uranium turned around slowly, prices have begun to turn around.
Got Uranium? Here's Why It's Price Just Spiked +60% | John Ciampaglia, Sprott CEO On Nuclear Energy
Suddenly, uranium is in the spotlight -- it's price has jumped by over 60% in the past month.
Uranium Rally Is a High-Stakes Bet on Future of Nuclear Power
After languishing at historical lows for the better part of the last decade, uranium suddenly came back from the dead.
The future of uranium: A story of supply and demand
The uranium market is at a tipping point. The clean energy transition, in addition to a supply shortfall, could tip the balance towards an era of rising uranium prices.
70 Years of Global Uranium Production by Country
Uranium was discovered just over 200 years ago in 1789, and today, it’s among the world’s most important energy minerals.
World's largest uranium producing countries in 2020 - report
Permanent closures and temporary suspensions of mines due to the COVID-19 crisis hit global uranium production in 2020. Kazakhstan was the largest uranium producing country in 2020, followed by Australia and Namibia.
Massive Energy Bill Becomes Law, Investing Billions Between Renewable, Nuclear Sectors
Gov. JB Pritzker was joined by environmental and social justice activists, union representatives, and lawmakers from both parties Wednesday as he signed into law a sweeping energy regulation overhaul that aims to phase out carbon emissions from the energy sector by 2045 while diversifying the renewable energy workforce.
Nukesanity: Inside the Melt-Up In Uranium ETFs (Podcast)
Uranium ETFs are the among the best performers the last two years. Prior to that, they’d been in a decade-long bear market after the Fukushima nuclear disaster of 2011. But between growing acceptance of nuclear power for a carbon-free future and spiking prices with a supply shortage, you have the makings of a breakout ETF category.
As Uranium Soars, Top Trust Sees Hedge Funds Fueling Demand Lift
The Canadian firm behind the world’s only physical uranium fund said hedge funds and family offices are driving up demand for the radioactive metal used to fuel nuclear reactors.
Uranium spot price reaches nine-year high as Sprott resumes purchases
Current month uranium spot prices rose sharply to a nine-year high Sept. 15 as the Sprott Physical Uranium Trust began buying again after approval of an expanded equity sales program that will allow the fund to acquire up to $1 billion in additional uranium in the coming months.
Uranium price at multi-year highs; bull market is just getting started
According to some analysts, the uranium market is a freight train that is just leaving the station as growing demand in a relatively tight market sparks a surge in prices.
Uranium: A Key Element for a Net-Zero Carbon Future
Ed Coyne, Per Jander and John Ciampaglia: Uranium spot prices have been rising in 2021, in what we see as a strong new bull market. Investors are betting on nuclear energy’s profile as a highly efficient, reliable and clean energy source. Aggressive decarbonization goals worldwide are driving major policy shifts that are likely to bolster demand for uranium and nuclear energy.
New Uranium Fund Signals Start of Bull Run Amid Tight Supply
A new uranium fund that's snapping up supplies signals the start of a lasting bull run for the commodity used to power nuclear plants.
Japan Utility Stocks Jump After PM Candidate Backs Nuclear Power
Shares of Japanese utilities got a boost of confidence after a leading contender to become prime minister said restarting nuclear power plants was necessary to achieve the country's net zero goals, reversing a previous stance that sought to phase out the energy source.
GIF highlights nuclear's ESG attributes
Nuclear energy, as an asset class, has the potential to report well against a wide range of Environmental, Social and Governance (ESG) data collection and accounting metrics, according to a new report from the Generation IV International Forum (GIF).
Uranium Week: Record Jump For Uranium Price
After the largest three week rise on record for the uranium price, brokers lift their long-term uranium price forecasts and raise price targets for shares.
The Power of a Uranium Pellet
Nuclear energy’s incredible efficiency and powerful nature comes from uranium’s high energy density.
Kazatomprom considers making purchases to rebuild inventory
Kazatomprom may buy additional material in the spot market during the second half of this year to keep its inventories within its targeted range and to meet sales commitments for the rest of 2021, CEO Galymzhan Pirmatov said as the company's half-year results were released yesterday.
Is There a Nuclear Option for Stopping Climate Change?
Humanity’s failure to avert the crisis of a warming climate is sometimes framed as a grand technological problem: For centuries, countries relied on fossil fuels to industrialize their economies and generate wealth, and it was only in recent years that alternative ways of powering a society, like solar and wind energy, became viable.
Nuclear vital for secure energy supply – study
New nuclear build enhances system-level energy security, increases the resilience of the electricity grid and helps to reduce dependency on energy imports states a study by the New Nuclear Watch Institute (NNWI).
How ‘Critical’ is Uranium to Decarbonization?
Uranium is viewed by some to be an important ingredient in the race to reach net-zero emissions by 2050.
Belgian nuclear phase out an 'irreversible loss', PM told
An open letter to the prime minister of Belgium, Alexander De Croo, has called for the country's anti-nuclear policies to be re-evaluated and for Belgium's nuclear facilities and skills to be positively applied in an effort to avert climate change.
Germany Flirts With Power Crunch in Nuclear and Coal Exit
One of Germany’s biggest challenges in the fight against climate change is to keep the lights on.
Why Not Nuclear?
You may have read that, last week, the United Nations declared a “Code Red” climate emergency based upon a recent, exhaustive scientific study. All major countries and economies (194 nations to be exact) officially agreed to the report.
Press Release - Sprott Physical Uranium Trust Launches "At-The-Market" Equity Program
Sprott Asset Management LP, on behalf of the Sprott Physical Uranium Trust (TSX: U.UN) (TSX: U.U), a closed-ended trust created to invest and hold substantially all of its assets in physical uranium, today announced that it has launched an at-the-market equity program (the “ATM Program”) to issue up to US$300,000,000 of units of the Trust (“Units”) in Canada.
Uranium Tops Morgan Stanley's Commodity Thermometer
Morgan Stanley has placed uranium at the very top of its Metals and Mining Commodity Thermometer.
Small module reactors can help Canada meet sustainability goals, expert says
SMRs could allow Canada to meet net-zero emissions goals while leveraging nuclear expertise for a growing global market, says CNA President John Gorman.
Uranium Investment Insights Panel - Uranium Insider, Bannerman Energy, enCore Energy, Rice Capital
A panel of uranium industry experts with careers spanning investing in natural resources, uranium extraction, commodity trading and economics explain the drivers of this new bull market.
Uranium demand rising while supply remains uncertain: Cameco
Demand for uranium is growing at the same time supply is becoming less certain, said Cameco President and CEO Tim Gitzel July 28.
Uranium Week: Hopes For Additional Uranium Demand
As the uranium spot price rose marginally last week, buyers and sellers were hopeful the listing of the Sprott Physical Uranium Trust would introduce additional demand into the spot uranium market.
China’s Power Crunches To Worsen Without More Nuclear And Hydr
China needs to accelerate its build-out of energy sources such as nuclear and pumped-hydro to stave off worsening power crunches in its industrial centers, according to a government-backed think tank.
New uranium fund begins trading
The newly created Sprott Physical Uranium Trust has begun trading on the Toronto Stock Exchange after Sprott Asset Management LP, a wholly owned subsidiary of precious metals and real assets investments company Sprott Inc, completed a previously announced transaction with Uranium Participation Corporation (UPC).
UxC Interview with John Ciampaglia, CEO of Sprott Asset Management
Jonathan Hinze, President, UxC asks CEO John Ciampaglia about Sprott’s goals for Sprott Physical Uranium Trust: “Our first objective is to modernize the offering through an investment trust format and have it operate largely in the same way as our precious metals trusts....In a time when investment interest and policy support are aligned for emission-free technologies, we believe this Trust is a great opportunity to raise awareness about the nuclear industry as a whole.”
Bill to preserve, expand U.S. nuclear energy sector reintroduced
A bipartisan group of senators has reintroduced the American Nuclear Infrastructure Act (ANIA), initially introduced last fall in the previous Congress.
The Sprott Physical Uranium Fund Has Arrived
On Thursday, Uranium Participation Corporation and Sprott Asset Management LP announced the inception of Sprott Physical Uranium Trust.
Press Release - Sprott Physical Uranium Trust Completes Arrangement with Uranium Participation Corporation
TORONTO, ON – July 19, 2021 – Sprott Asset Management LP, Uranium Participation Corporation (“UPC”) and the newly-formed Sprott Physical Uranium Trust (TSX: U.UN and U.U) (the “Trust”) announced today that the previously announced plan of arrangement involving UPC, SAM, the Trust, and 2834819 Ontario Inc. became effective earlier today (the “Arrangement”). UPC’s shareholders are now unitholders of the Trust. The Trust begins trading this morning on the Toronto Stock Exchange under the symbol “U.UN” in Canadian dollars and “U.U” in U.S. dollars.
Press Release - Uranium Participation Corporation and Sprott Asset Management Announce Closing Date For Arrangement
TORONTO, Ontario, July 15, 2021 – Uranium Participation Corporation (TSX: U) (“UPC”) and Sprott Asset Management LP (“Sprott Asset Management”), announced today that, following the satisfaction of the conditions to closing, UPC has filed articles of arrangement under the Business Corporations Act (Ontario) and a certificate of arrangement was issued in connection with the previously announced plan of arrangement involving UPC, Sprott Asset Management, the Sprott Physical Uranium Trust, and 2834819 Ontario Inc. (the “Transaction”), which will close and be effective at 12:01 a.m. (Toronto time) on July 19, 2021.
Uranium Week: Approval For Uranium Investment Fund
As the uranium spot price fell marginally last week, further progress was made to list the first physical uranium fund in both Canada and the US.
Sprott’s Uranium ETF Aims to Provide Liquidity
Uranium appears to be starting to emerge from a 10-year bear market and is about to be shaken-up by the arrival of Sprott Asset Management, one of the world’s biggest physical commodity managers. John Ciampaglia, CEO of Sprott Asset Management, discusses how this new Trust will seek to attract new demand and new capital inflows into physical uranium, with a vehicle that provides greater transparency.
Transcorp Energy Plans Nigeria’s First Nuclear Power Plants
Transcorp Energy Ltd, a unit of Transnational Corp. of Nigeria Plc plans to develop nuclear power plants in the West African nation as an alternative energy source to improve access to electricity.
The Green Atom: Our Most Misunderstood Power Source
Watch video: "Nuclear power doesn’t emit carbon dioxide. It’s America’s single largest source of clean energy, responsible for 52% of the country’s carbon-free electricity. When you add up industrial accidents and the effects of pollution, nuclear is safer than coal or petroleum or natural gas. More Americans have fallen off roofs installing solar panels than have been killed by nuclear power. Nuclear power isn’t without challenges...but it could also totally reshape the way we power our economy, and it might just save the planet in the process."
Japan Restarts First Nuclear Reactor Since 2018 Amid Hurdles
Japan restarted the first nuclear reactor in more than three years, a long-awaited step forward for the nation’s utilities that are struggling to gain local support and fulfill onerous regulatory requirements.
Australia Lines Up Third Uranium Mine as Nuclear Momentum Builds
The planned restart of a mothballed uranium mine in Australia -- the world’s third-largest producer -- is a fresh sign that developers are beginning to respond to an improving demand outlook and the support of the Biden administration for zero-emissions nuclear energy. carried out by NTree International Ltd.
Global uranium output tipped for growth as spot prices tick up – report
Worldwide uranium production will recover by 3.1% to reach 51,200 tonnes in 2021 as significant mines come back online following a covid 19 hiatus, a new analysis by GlobalData shows.
Cameco 'excited' about uranium fundamentals
Cameco president and CEO Tim Gitzel said the company was “excited” about the fundamentals of uranium supply and demand as he unveiled the Saskatchewan-based company’s March quarter loss.
Video - The Bear Market for Uranium is Over
John Ciampaglia, CEO of Sprott Asset Management, joins BNN Bloomberg to discuss Sprott's takeover of Uranium Participation Corporation (UPC) and why he believes the climate for this kind of transaction is most appropriate now.
Sprott’s move into uranium signals world is waking up to nuclear and a new ‘bull market’
Toronto-based precious metals fund manager Sprott Asset Management, already a trend-setter in precious metals, has now sent a wake-up call through the uranium space.
Uranium stocks getting a glow as Sprott flags big physical purchase
Sprott’s spot plan a strong tailwind for Boss. Plus, copper stocks show uranium peers what boom times are like as investors throw cash at them.
U.S. eyes nuclear reactor tax credit to meet climate goals -sources
The White House has signaled privately to lawmakers and stakeholders in recent weeks that it supports taxpayer subsidies to keep nuclear facilities from closing and making it harder to meet U.S. climate goals, three sources familiar with the discussions told Reuters.
Uranium Week: New Uranium Investment Vehicle
As the uranium spot price rises 2.6% for the week, an exciting development unfolds for some Canadian shareholders and the broader uranium market.
Press Release - Sprott Asset Management Enters Into Agreement With Uranium Participation Corporation to Form the Sprott Physical Uranium Trust
TORONTO, April 28, 2021 (GLOBE NEWSWIRE) -- Sprott Inc. (“Sprott”) (NYSE/TSX: SII) announced today that Sprott Asset Management LP (“Sprott Asset Management”), a wholly-owned subsidiary of Sprott has entered into a definitive agreement with Uranium Participation Corporation (“UPC”) (TSX: U) pursuant to which UPC shareholders will become unitholders of the Sprott Physical Uranium Trust (the “Trust”), a newly-formed entity managed by Sprott Asset Management.
†The Trusts are closed-end funds established under the laws of the Province of Ontario in Canada. PHYS, PSLV, CEF and SPPP are available to U.S. investors by way of listings on the NYSE Arca pursuant to the U.S. Securities Exchange Act of 1934. The Trusts are not registered as investment companies under the U.S. Investment Company Act of 1940.
††SESG is a U.S. registered exchange traded fund established pursuant to the U.S. Securities Act of 1933 and is listed on the NYSE Arca.
The Sprott Physical Uranium Trust is generally exposed to the multiple risks that have been identified and described in the Management Information Circular and the Prospectus. Please refer to the Management Information Circular or the Prospectus for a description of these risks.
Forward Looking Statements
The above update contains forward-looking information within the meaning of applicable Canadian securities laws ("forward-looking statements"). Forward-looking statements in this update include, without limitation, statements regarding expected future compliance with Rule 15-c-211 and the resumption of regular trading of the SRUUF ticker once OTC Markets confirms that the Trust has satisfied its public information eligibility requirements. With respect to the forward-looking statements contained in this update, the Trust has made numerous assumptions regarding, among other things: its ability to satisfy the requirement of the OTC Markets in a timely manner, or at all. While the Trust considers these assumptions to be reasonable, these assumptions are inherently subject to significant business, economic, competitive, market and social uncertainties and contingencies. Additionally, there are known and unknown risk factors that could cause the Trust's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements contained in this update. A discussion of these and other risks and uncertainties facing the Trust appears in the Trust's continuous disclosure filings, which are available at www.sedar.com. All forward-looking statements herein are qualified in their entirety by this cautionary statement, and the Trust disclaims any obligation to revise or update any such forward-looking statements or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments, except as required by law.
Past performance is not an indication of future results. All data is in U.S. dollars unless otherwise noted. The information provided is general in nature and is provided with the understanding that it may not be relied upon as, nor considered to be tax, legal, accounting or professional advice. Readers should consult with their own accountants and/or lawyers for advice on their specific circumstances before taking any action. Sprott Asset Management LP is the investment manager to the Sprott Physical Uranium Trust (the “Trust”). Important information about the Trust, including the investment objectives and strategies, applicable management fees, and expenses, is contained in the Management Information Circular and the Prospectus. Please read the Management Information Circular and the Prospectus carefully before investing. You will usually pay brokerage fees to your dealer if you purchase or sell units of the Trusts on the Toronto Stock Exchange (“TSX”) or the New York Stock Exchange (“NYSE”). If the units are purchased or sold on the TSX or the NYSE, investors may pay more than the current net asset value when buying units or shares of the Trusts and may receive less than the current net asset value when selling them. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. The information contained herein does not constitute an offer or solicitation to anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Views expressed regarding a particular company, security, industry or market sector should not be considered an indication of trading intent of any investment funds managed by Sprott Asset Management LP. These views are not to be considered as investment advice nor should they be considered a recommendation to buy or sell.