URA - Macron announces nuclear plans Sprott hoards uranium miners continue to rally

Wednesday, uranium juggernaut Cameco (NYSE:CCJ) reported earnings, indicated the contracting cycle has inflected, and marked the beginning of a new bull market for uranium (NYSEARCA:URA). The market agreed; Cameco shares traded 15% higher, and continued to rally Thursday morning. On the back of the Cameco report, Sprott Uranium Trust (OTCPK:SRUUF) announced the purchase 500k lbs of physical uranium Wednesday alone. And Thursday, Macron announced additional plans for his "nuclear renaissance." Sprott made headlines in 2021, as the company launched the world's first investment product designed to provide retail investors with direct exposure to the physical uranium market. The product acquired 21m lbs of uranium as of July 2021, enough to meet global demand for almost two months. Since that time, the trust has more than doubled its holdings. And Wednesday alone, the Trust purchased 500k lbs, brining the 2022 total to 3.6m lbs.  Just as retail investors soak up spot-market

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Macron announces nuclear plans, Sprott hoards uranium, miners continue to rally