While uranium stocks can be volatile in the near term, it's imperative for long-term investors to keep an eye on developments in the nuclear-energy industry before placing their bets on uranium stocks. to the superheat of sodium at the incipiency of boiling, 33 : 14784 SPINARD, B.I. In September, the International Atomic Energy Agency also upgraded its projection for nuclear energy and now expects global nuclear-generating capacity to double by 2050.Įventually, nuclear-power generation alone will decide where uranium companies are headed. With uranium prices tumbling below $40 a pound in October after hitting nine-year highs of $50.80 a pound in September, investors are betting on Sprott to prop up prices again, even as the erstwhile anti-nuclear global stance appears to soften. This development coincided with the parliamentary debut of Japan's leading contender for prime mister, Taro Kono, when he stood by his views to restart nuclear power plants to meet the nation's net-zero emission by 2050.Īs uranium is the key fuel used to power nuclear reactors, any pro-nuclear energy development reignites interest in uranium stocks. Sprott's renewed buying, along with other major developments in the nuclear energy industry, is powering up uranium stocks again. Sprott’s Physical Uranium Trust (U.U) is up over 38 since its inception earlier this year. There is no doubt that interest in nuclear power is growing. announced that it had arranged a 30 million bought deal led by Eight Capital and Sprott Capital Partners on Monday. Nuclear Fission to Still Play a Key Role. 8, amassing a total of 31 million pounds of uranium as of this writing, compared with only 18.3 million pounds on July 31. Saskatchewan-focused uranium miners Fission Uranium Corp. Sprott's dry spell ended in October, with the fund announcing it had purchased 400,000 pounds of uranium on Oct.
#Fission uranium sprott crack#
17, Sprott went silent, triggering fears among investors about a potential crack in uranium prices. Uranium could continue its bullish run, according to, partially due to an aggressive buying spree by the Sprott Physical Uranium Trust, which increased its holdings by 10 throughout February 2022 alone.
#Fission uranium sprott update#
After an update about uranium purchases on Sept. The 12-month uranium price forecast at Trading Economics is estimated to reach a value of 66.17. Uranium stocks were on fire until about a month ago when uranium prices reversed course after a torrid run up, driven by aggressive spot uranium purchases by Sprott Physical Uranium Trust ( SRUU.F -0.66%) since the exchange-traded fund's inception mid-July. (' Fission ' or ' the Company ') is pleased to announce the closing of a US10 million senior secured credit facility (the ' Facility ') with Sprott Resource Lending II (Collector) L.P. KELOWNA, BC, Ap/CNW/ - FISSION URANIUM CORP. Here's how much some of the notable uranium stocks had gained on Wednesday by market close: Fission Uranium : Announces the Closing of a US10 million Credit Facility with Sprott. Uranium stocks are back in action after taking a breather last month, with stocks across the board surging in the past two days. Sprott identifies AthabascaBasins Fission Uranium (TSX: FCU OTC: FCUUF) as most significantly undervalued of the three largest high grade projects.
0 kommentar(er)
