Category Archives: Uranium

Uranium Night – PDAC 2025

Uranium Night will be happening again this year on March 03, 2025 at the ‘Lucky Clover’.

The Lucky Clover Sports Pub is located at 17 Lower Simcoe, Toronto Ontario.
This is located very close to the Metro Convention Center where the PDAC is hosted.

Uranium night is a premier networking event hosted by 10 publicly traded uranium exploration companies featuring complimentary drinks and food plus live entertainment.

-It is an invite event however if you are involved in this sector of the mining industry you may already know about it or you may be able to get an invite. Definitely worth a visit in our opinion.

 

 

 

 

 

2024 Uranium Prices On The Rise

Spot uranium prices  continue to remain comparatively strong with spot uranium currently trading at $92.15 USD.
There are various reports that the overhang of uranium and recycled uranium in the form of Soviet era weapon grade uranium have been almost completely used up and new sources need to be supplied.

There is also a recent bill signed by the U.S. Senate and passed through to President Biden to sign into law which bans the import of ‘low enriched uranium’ (LEU) of Russian uranium.

This places further pressure on western companies to supply more of the yellow cake. The ban will come into effect 90 days after the date of the enactment and will terminate in 2040, so the game is afoot as they say. It has been estimated that the shortage could total 1 billion pounds by the year 2040.

The Sprott Uranium Miners ETF symbol URNM is trading at $53.95 usd which is fairly near its all time high of $58.96 usd so it continues to boast a healthy looking chart.

The Sprott Junior Miners ETF symbol URNJ is also appearing relatively strong, trading at $27.83 usd with an all time high of $30.27 usd. Will a breakout occur soon?

Interesting times for the uranium mining industry and at last a chance to profit from all the hard work that has been going into this sector for years now. It has been noted that restarting inactive mines is vital to increase short-term supply, as new mines can take 10-15 years to become operational.

Please stay tuned for more reports on uranium mining and mining exploration companies.

Disclaimer: Editor holds no shares in the Sprott Uranium ETF or the Sprott Junior Miners ETF at present but may buy or sell at any time in the future.