In a recent interview, CEO of Sprott Asset Management John Ciampaglia stated that he foresaw a bull run for uranium this year. Sprott’s Physical Uranium Trust is the sole publicly listed fund that invests in physical uranium in North America. The Toronto-based company was launched last year in July and has grown its assets to roughly $ 1.9 billion, which is a significant increase from its initial $630 million value.
When Sprott’s units hit the market after its launch, uranium’s spot price was about $30/pound. Since that time, the company has amassed more than 41 million pounds of uranium, which is more than twice its initial 18 million stockpile. This isn’t the only company that has made significant…
NOTE TO INVESTORS: The latest news and updates relating to Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) are available in the company’s newsroom at http://ibn.fm/UUUU
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