Insights
Sprott Insights offers unique analyses and perspectives from the firm’s leading experts on key topics in precious metals and critical materials.
Interview
Uranium Outlook 2026
John Ciampaglia joins Jimmy Connor of Bloor Street Capital to discuss uranium’s outlook as government support for nuclear energy strengthens. Tightening supply, rising reactor demand and growing institutional involvement are fueling bullish expectations for uranium and related mining equities in 2026.
Sprott Radio Podcast
Uranium Outlook 2026
Host Ed Coyne and Sprott CEO John Ciampaglia recap a surprising 2025 for the uranium market, characterized by flat spot prices that contrasted sharply with strong mining equities and bullish long-term demand signals for nuclear power. Together, Ed and John look ahead to 2026, highlighting the potential for renewed contracting, higher prices and pivotal U.S. policy decisions that are likely to boost demand for uranium and nuclear power.
Interview
Where Is Spot Uranium Going?
John Ciampaglia, CEO of Sprott Asset Management, joins Jimmy Connor of Bloor Street Capital at the World Nuclear Symposium 2025. Ciampaglia highlights strong global investor interest in uranium, with both specialist and generalist funds viewing nuclear as a long-term growth story. He notes stabilizing uranium prices, lingering supply challenges and growing demand from utilities, AI and data centers.
Interview
Uranium: At the Fulcrum of AI, National Security and Global Energy Demand
John Ciampaglia, CEO of Sprott Asset Management, highlights takeaways from the September 2025 World Nuclear Symposium: surging uranium demand from electricity, AI and energy security, tech ties like Microsoft and constrained supply supporting higher prices and new mining.
Interview
Uranium Outlook Mid-Year 2025
John Ciampaglia, CEO of Sprott Asset Management, joins James Connor at the Bloor Street Capital Virtual Uranium Conference to examine the current state of the uranium market. Ciampaglia highlights the market's V-shaped recovery since April and the improved investor sentiment following the absence of tariffs on uranium.
Shifting Energy
The White House’s Nuclear Push: What It Means for Uranium Opportunities
In this episode of Shifting Energy (Season 2), John Ciampaglia discusses the major policy shift under President Trump’s new executive orders, which aim to fast-track advanced nuclear technologies and revitalize the entire U.S. nuclear fuel cycle.
Interview
Trump Tariffs: Disruption or Opportunity?
Are tariffs set to disrupt gold, silver and uranium markets? Find out how potential trade barriers could impact prices and create arbitrage opportunities. Kitco’s Senior Mining Editor and Anchor Paul Harris interviews John Ciampaglia, CEO of Sprott Asset Management, at the 2025 BMO Global Metals, Mining & Critical Minerals Conference.
Interview
Uranium Outlook for 2025
Sprott CEO John Ciampaglia remains bullish on the uranium markets, citing rising term prices, increased utility interest and the global nuclear renaissance fueled by clean energy needs and AI-driven power demands. Ciampaglia expects uranium prices to strengthen as pent-up demand grows, driven by reactor life extensions, new builds and geopolitical supply disruptions.
Important Disclosures
An investor should consider the investment objectives, risks, charges and expenses of each fund carefully before investing. To obtain a fund’s Prospectus, which contains this and other information, contact your financial professional, call 1.888.622.1813 or visit SprottETFs.com. Read the Prospectus carefully before investing.
Exchange Traded Funds (ETFs) are considered to have continuous liquidity because they allow for an individual to trade throughout the day, which may indicate higher transaction costs and result in higher taxes when fund shares are held in a taxable account.
The funds are non-diversified and can invest a greater portion of assets in securities of individual issuers, particularly those in the natural resources and/or precious metals industry, which may experience greater price volatility. Relative to other sectors, natural resources and precious metals investments have higher headline risk and are more sensitive to changes in economic data, political or regulatory events, and underlying commodity price fluctuations. Risks related to extraction, storage and liquidity should also be considered.
Shares are not individually redeemable. Investors buy and sell shares of the funds on a secondary market. Only “authorized participants” may trade directly with the fund, typically in blocks of 10,000 shares.
The Sprott Active Metals & Miners ETF, Sprott Active Gold & Silver Miners ETF and the Sprott Silver Miners & Physical Silver ETF are new and have limited operating history.
Sprott Asset Management USA, Inc. is the Investment Adviser to the Sprott ETFs. ALPS Distributors, Inc. is the Distributor for the Sprott ETFs and is a registered broker-dealer and FINRA Member. ALPS Distributors, Inc. is not affiliated with Sprott Asset Management USA, Inc.