Sprott’s Buying Spree Has Been a Catalyst for Uranium’s Price Boom
–News Direct–
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Uranium is experiencing a remarkable resurgence, with prices jumping over 30% to a 12-year high as global interest swells for nuclear energy.
While this revival is driven by several factors, including dwindling supply and the ever-rising global demand for clean energy sources, Sprott Physical Uranium Trusts (TSX:U.UN) (OTC:SRUUF) buying spree could be fueling the short squeeze taking place in the uranium market.
The worlds largest and only publicly-listed physical uranium fund has more than doubled its uranium supply in the last two years to nearly 62 million pounds and is showing no signs of slowing according to recent sentiments from the companys CEO.
Earlier this week, Sprott Asset Management CEO John Ciampaglia said that this cycle feels...