Uranium is on an unrelenting ascension. And with a growing global push for nuclear energy adoption, it might be just the beginning.

‍What’s happening:‍

• The price of uranium has soared to a new 16 year high, breaking past $100 USD per pound
  

Why it matters:‍

• Uranium has become one of the most important areas of energy, as countries around the world have begun to rapidly build out infrastructure to support the adoption of nuclear power to get closer to net zero emissions
  

Going deeper:‍

• The upward price movement of physical uranium has been driven by a large supply and demand dislocation that continues to intensify globally
  
• Public markets have been experiencing a massive influx of new capital looking to get exposure to uranium, including major capital inflows to ETFs
  

By the numbers:‍

• The price of uranium is up 100% from their lows just 12 months ago
  
• Uranium prices are now up more than 300% from 48 months ago
  

Market reaction:‍

• Sprott Physical Uranium Trust ETF (TSX:U-U) is up +92% over the past 6 months
  
• Cameco (TSX: CCO) is up +15% since the beginning of the year
  
• NexGen Energy (TSX: NXE) is up +14% since the beginning of the year
  
• Uranium Energy (NYSE: UEC) is up +24% since the beginning of the year
  
• ATHA Energy (CSE: SASK) is up +31% since announcing they will acquire Latitude Uranium (CSE: LUR) and 92 Energy (ASX:92E) to form Canada’s largest exploration land package

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