There is no question about it: nuclear power will continue to have a core position in the energy mix globally in the long term and will be used in parallel with the further development of renewable energies.

Currently there are exciting developments in the uranium sector as spot prices for uranium are on the rise for months. After beeing bearish for 13-14 years, prices are suddenly at respectable 7-year highs.

The now largest current buyer of physical uranium is not, as one might expect, a major energy company or nations through their governments. Rather, it is a new created trust established in July 2021: the Sprott Physical Uranium Trust (TSX:U.UN/US:SRUUF), which is the result of an agreement between Sprott Asset Management LP (a subsidiary of Sprott Inc., a renowned global investment management company based in Toronto, specializing in precious metals and tangible assets) and the former „Uranium Participation Corp“.

This week Uranium ETF URA moved above 28.72$ to a 29.39$ higher bull market high, extending its intermediate uptrend. Responding to strenght in again rising spot uranium prices: