Blue Sky Uranium – Strong Fundamentals Anchor Uranium’s Rise
Uranium and uranium mining stocks had a strong month in August. U3O8 spot uranium and uranium mining stocks gained 25.49% and 21.52%, respectively,1 YTD as of 8/31/2023, outperforming the frothy S&P 500 TR Index’s YTD return of 18.73%.2 We believe the uranium bull market is intact and favorable supply-demand dynamics will likely continue to provide support over the long term.
By Jacob White, CFA
ETF Product Manager, Sprott Asset Management LP
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