URNM - Investing in Uranium ETFs: 9 Options for Uranium Exposure

2025-05-08 17:00:00 ET

Exchange-traded funds (ETFs) are one of the fastest-growing investment vehicles, and as uranium's importance in the energy transition grows, investors are becoming increasingly interested in uranium ETFs and related products.

After years of dormancy, the uranium spot price zoomed past the US$100 per pound level in early 2024 on supply risks and a strong outlook for long-term demand. Although it's since pulled back, bulls believe it still has room to run.

Supporting factors include the lack of new uranium mines, Russia’s dominance in uranium conversion and enrichment, rising demand for low-carbon energy sources and the continued development and deployment of small modular reactors.

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