Sprott Asset Management CEO on Uranium Miners ETF (URNM)

The video discusses the investment potential in uranium mining, highlighting the recent price trends and market dynamics. It explores the impact of geopolitical tensions, particularly involving Russia, Iran, and China, on uranium prices and supply chains. The discussion includes the role of major uranium producers like Canada and Kazakhstan and the influence of geopolitical factors on the market. The video also examines the significant price increase in uranium and related nuclear fuel cycle stages, emphasizing the challenges faced by Western utilities due to geopolitical influences.

Why is it important to understand the commodity itself before investing in mining companies?

• To predict future stock market trends

• To assess the potential profitability of mining companies

• To determine the environmental impact of mining

• To evaluate the technological advancements in mining

What has been the trend in uranium prices over the last five years?

• They have fluctuated without a clear trend

• They have decreased significantly

• They have remained stable

• They have been one of the best performing commodities

How do geopolitical tensions affect the uranium supply chain?

• They stabilize the supply chain

• They decrease uranium prices

• They have no impact on the supply chain

• They disrupt the supply chain and support prices

What percentage of global uranium supply comes from Kazakhstan?

• 20%

• 30%

• 50%

• 40%

What has been the impact of geopolitical tensions on the nuclear fuel cycle?

• It has increased the enrichment price by 400%

• It has remained unaffected

• It has decreased the enrichment price

• It has led to a surplus of nuclear fuel