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Sprott Uranium ETFs

Why Invest in Uranium Miners?

The uranium market is experiencing increased demand, driven by its integral role in clean energy generation through its use in nuclear power.

  1. Demand is Increasing
  2. Supply Can't Keep Up
  3. Production Disruptions are Likely
DEMAND IS INCREASING More
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1. Demand is Increasing

With 437 nuclear reactors operational globally and 174 more planned or under construction, the world is clamoring for more refined uranium.

world_map_chart

NOTE: Uranium requirements cover operable, under construction, planned, and proposed reactors. SOURCE: World Nuclear Association, August 2023.

Uranium Demand for Nuclear Power by Country 2023

The United States, China, and France represent around 58% of global uranium demand.

Although uranium is relatively abundant, a supply shortage is looming. At COP28, 22 countries pledge to triple global nuclear capacity by 2050.

SUPPLY CAN'T KEEP UP More
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2. Supply Can't Keep Up

The existing uranium supply gap is expected to deepen through to 2040.

demand-production-chart

SOURCE: UxC, Q3 2023.
SOURCE: International Atomic Energy Agency, June 2018.

Uranium Production & Demand Imbalance

Uranium is projected to face a persistent supply-demand imbalance, with a cumulative gap of around 1 billion pounds by 2040.

Restarting inactive mines is vital to increase short-term supply, as new mines can take 10-15 years to become operational.

DISRUPTIONS ARE LIKELY More
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3. Production Disruptions are Likely

In 2022, Kazakhstan, Canada, Namibia and Australia produced over 70% of the world's uranium.

*Estimated
SOURCE: World Nuclear Association, August 2023.
SOURCE: Reuters, October 2022. Trading Economics, October 2023. Bloomberg, September 2023.

Uranium Production by Country

Recent geopolitical developments could disrupt the global uranium supply chain include:

  • Potential sanctions on Russian uranium and uranium services.

  • Potential supply disruptions in Kazakhstan caused by transportation routes passing through Russia.

  • A halt in exports from Niger due to government coup.

OWN URANIUM WITH SPROTT More
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Own Uranium with Sprott

Sprott offers investors access to physical uranium and the stocks of senior and junior uranium mining companies. We offer investors the world's largest physical uranium fund in the marketplace, as well as the largest exposure to uranium mining stocks.

Why Sprott Uranium ETFs?

Sprott is a global leader in precious metals and critical materials investments. We manage more than $8 billion in physical uranium and uranium equities (as of 2/29/2024). Sprott has a decades-long foundation in physical metals and minerals, with deep relationships and expertise in the mining industry.


 
Sprott Uranium
Miners ETF		 Sprott Junior
Uranium Miners ETF
Ticker URNM URNJ
Asset Class Uranium Mining Equities/Physical Uranium Junior Uranium Mining Equities
Key Feature Pure-Play† Uranium ETF: A U.S.-listed Uranium ETF focused on uranium miners and physical uranium Pure-Play† Junior Uranium ETF – The only‡ pure-play ETF focused on small uranium miners, selected for their potential for significant revenue and asset growth
Inception Date 12/3/20193 2/1/2023
Total Net Assets (USD)1 $1.6 Billion $341 Million
Total Expense Ratio 0.83%2 0.80%2
Learn More Learn More

1 Asset data as of 3/31/2024.
2 Reflects Total Annual Operating Expenses as outlined in the latest prospectus. Visit sprottetfs.com for the latest prospectus.
3 Inception Date: 12/3/2019. URNM was reorganized from the North Shore Global Uranium Mining ETF into the Sprott Uranium Miners ETF on 4/22/2022.
† The term "pure-play" relates directly to the exposure that the Fund has to the total universe of investable, publicly listed securities in the investment strategy.
‡ Based on Morningstar’s universe of Natural Resources Sector Equity ETFs as of 9/30/2024.