Today: Unexpected production suspension of 1 of the biggest uranium mine in the world announced by the 2 biggest uranium producers in the world
Hi everyone,
Kazatomprom and Cameco just announced a production suspension of an important mutual uranium mine, Inkai
Before this, the global uranium supply and demand was already in a big primary supply deficit
Source: World Nuclear Association
If interested, a couple possibilities:
Sprott Physical Uranium Trust (U.UN and U.U on TSX) is a fund 100% invested in physical uranium, trading at their lows of 2024 before this announcement today. Here investors are not subjected to mining related risks, because here the investor just buys the commodity.
Paladin Energy (PDN.AX on ASX and PDN.TO on TSX) is an uranium producers with their Langer Heinrich mine that also owns one of the highest grades uranium deposits in the world, namely Patterson Lake South in Canada. Paladin Energy is significantly cheaper on a EV/lb basis than Cameco at the moment.
EnCore Energy (EU on NYSE and EU on TSX) in my opinion best USA uranium producer
Sprott Uranium Miners ETF (URNM on NYSE)
Global X Uranium ETF (URA on NYSE)
This isn't financial advice. Please do your own due diligence before investing
Cheers