Some of the biggest financiers in the history of gold and precious metals have recently turned their attention to uranium. And it’s setting up to be one of the largest opportunities yet in low carbon energy.

‍What’s happening:‍

• Legendary mining financier Eric Sprott has been on buying spree of both physical uranium and publicly listed uranium companies through his ETFs and asset management company
  
• Now Stephen Dattels, well known resource financier who was an early investor in Barrick Gold (TSX: ABX), has also made a big new bet on a public uranium company
  

Who is making moves:‍

• The Sprott Physical Uranium Trust (TSX:U-U) continues to purchase physical uranium at a blistering pace and recently filed to raised another $125M USD in new capital
  
• Stephen Dattels has made a new $15M CAD strategic investment into Global Atomic (TSX: GLO) who is preparing to begin full commercial production at their flagship project in the Republic of Niger
  

Going deeper:‍

• With nuclear power finding new found support from global governments and the price of physical uranium soaring, large hedge funds and institutional investors well outside of the resource space have also been placing their bets on publicly listed companies
  
• Citadel, the investment company founded by billionaire Ken Griffin, has notably been increasing their stake in Energy Fuels (NYSE: UUUU)
  
• Hong Kong billionaire Li Ka-shing previously put $60M CAD into NexGen Energy (TSX: NXE)
  

The intrigue:‍

• While Eric Sprott’s various ETFs have focused largely on physical uranium and uranium companies nearing active production, they have recently added ATHA Energy (CSE: SASK) to their Sprott Junior Uranium Miners ETF (NASDAQ:URNJ) after the new announcement that they will acquire Latitude Uranium (CSE: LUR) and 92 Energy (ASX: 92E) to form the largest land package in Canada
  

Market reaction:‍

• The price of uranium is up +68% since the beginning of the year