Sprott Physical Uranium Trust Fund Price & Performance (SRUUF)

Industry leaders warn that Canada risks missing a surge in uranium demand unless regulatory processes are overhauled to fast-track new mines, particularly in Saskatchewan’s Athabasca basin. Despite strong long-term prospects, major projects like NexGen Energy’s Rook I remain stalled at the federal level, highlighting a critical supply bottleneck.12

The Sprott Junior Uranium Miners ETF (URNJ) has dropped 18.88% since inception, reflecting broader weakness in uranium equities. Despite a bullish long-term case for uranium, persistent supply-demand imbalances and lagging spot prices have weighed on investor sentiment, even as global nuclear capacity targets continue to rise.34

Sprott Physical Uranium Trust, the world’s largest uranium fund, is trading nearly 10% below its net asset value. Market uncertainty and a pause in new unit issuance have limited the trust’s ability to accumulate more uranium, fueling speculation about its next moves amid ongoing supply-demand challenges.567