January 2th, 2025: Unexpected suspension of uranium production announced by the 2 biggest uranium producers
Hi everyone,
Kazatomprom and Cameco just announced a production suspension of an important mutual uranium mine.
Before this, the global uranium supply and demand was already in a big primary supply deficit
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. No mining related risks here, because here you only buy 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.
Sprott Uranium Miners ETF (URNM on NYSE)
This isn't financial advice. Please do your own due diligence before investing
Cheers