Justin Huhn – Macro Drivers Of The Nuclear Fuel Cycle And Uranium Miners M&A
Justin Huhn, Founder and Publisher of the Uranium Insider, joins us to discuss the macro drivers in the nuclear fuel cycle and the uranium mining stocks. We focus on big news on the amended base shelf prospectus in the Sprott Physical Uranium Trust, which raises their financing limit by another $2 Billion to a total of 3.5 Billion. This will mean a larger capacity for the S.P.U.T. to purchase even more physical Uranium from the spot market, from carry traders, and from hedge funds in the future, along with other physical funds like Yellowcake, and the newly announced Kazakhstan physical vehicle.
Next we discuss the uranium sector flywheel concept with regards to the North Shore Global Uranium Mining ETF (URNM), which also has a large weighting to the Sprott Physical Uranium Trust, which has some funds going to purchase more physical uranium, lifting sentiment and pricing, that then funnels more buying into URNM. We wrap up discussing the recent correction in the uranium miners, but also the encouraging signs from 3 recent M&A transactions: (DYL.AX) Deep Yellow taking over (VMY.AX) Vimy Resources, (EU.V) enCore Energy taking over (AZZ.V) Azarga Uranium, and (UEC) Uranium Energy Corp acquiring the US-based assets from Uranium One.