Sprott takes over Uranium Participation Corporation

Posted by Yahoo Finance

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This is an important indicator of the markets recognition of nuclear power as a key to reducing carbon emissions, and as a foundational part of a “green” economy going forward. MoneyTalks guests like Peter Grandich gave us the heads up on the opportunity in uranium months ago. This decision by Sprott is institutional money jumping on board in a big way. ~ Ed

UPC is the world’s largest publicly traded investment vehicle providing investors an opportunity to gain exposure to the price of uranium, outside of a traditional mining company, through holdings of physical uranium in the form of uranium oxide in concentrates (“U3O8”) and uranium hexafluoride (“UF6”). At the end of March 2021, UPC reported holding 16,269,658 pounds U3O8 and 300,000 KgU as UF6, with a then market value of approximately C$665 million.

“Sprott Asset Management currently manages four physical commodity funds with approximately US$12 billion in assets under management,” said John Ciampaglia, CEO of Sprott Asset Management. “We believe our global brand, fund marketing experience, and client base of more than 200,000 investors will improve trading liquidity and grow UPC’s asset base during what we believe is the start of a bull market for physical uranium.”… Click for the complete article