Nuclear energy is accelerating at a rapid pace. From global government adoption to the price of physical uranium, there has been a relentless momentum behind nuclear power. And another big inflow of capital looks to be right around the corner.

‍What’s happening:‍

• Sprott Physical Uranium Trust (TSX: U-U) has announced they have updated their at the market equity financing program to raise up to $1 billion through new trust units
  
• The new capital will go directly towards increasing the physical uranium holdings of Sprott Physical Uranium Trust
  

Why it matters:‍

• The Sprott Physical Uranium Trust has been playing a highly significant role in cornering the supply of physical uranium right as a global dislocation has begun between the supply and demand of uranium
  
• Uranium prices have continued to ascend and reach their highest levels in more than a decade, causing a massive influx of new funding for uranium exploration companies and producers
  

Going deeper:‍

• In a quest to find more potential uranium deposits there have been a number of recent notable land acquisitions, including ATHA Energy (CSE: SASK) announcing they will acquire Latitude Uranium (CSE: LUR) and 92 Energy (ASX: 92E) to form the largest exploration land package in Canada
  
• The rapid rise in the price of physical uranium has also spurred new uranium mines into production, including enCore Energy (NYSE: EU) restarting production at their South Texas uranium processing plant
  
• Billionaire Ken Griffin, founder of Citadel, has even been outspoken about the need for the Untied States to accelerate their investment into nuclear energy infrastructure in order to keep up with the growing global adoption of nuclear power plants