The price of uranium has soared to a new 16 year high, breaking past $100 USD per pound, up 100% from the lows just 12 months ago.

The United Kingdom government has announced a historic move to commit €300M into high assay low enriched uranium production.

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.

Some of the biggest financiers in the history of gold and precious metals have recently turned their attention to uranium investments.

EnCore Energy (NYSE: EU) has announced they have officially restarted production at their South Texas Rosita uranium processing plant.

Bitcoin mining company TeraWulf (NASDAQ: WULF) has become the first company in the United States to launch a Bitcoin mining facility powered by nuclear energy.

Billionaire hedge fund manager Ken Griffin recently spoke out publicly about the need for North America to put more capital into nuclear energy.

The United States will lead a push to triple the amount of nuclear power capacity globally at the upcoming COP28 Climate Summit

An influx of new capital from hedge funds is finding its way into publicly listed uranium explorers and producers like Cameco, Energy Fuels, and NexGen Energy.

The price of physical uranium is on a tear, and it’s ushering in a bull market for uranium companies that are exploring and producing the element.