Spot Uranium Passes US$100, Extends Year-Long Rally

2026-01-30 11:41:46 ET

Uranium prices surged back above US$100 a pound this week, extending a year-long rally that is reshaping the uranium market after more than a decade of underinvestment.

Spot price of uranium climbed US$7.75 to US$101 a pound after the Sprott Physical Uranium Trust (TSX:U.U,OTCQX:SRUUF,OTCQX:SRUUF) disclosed it had purchased 500,000 pounds of uranium and raised US$214 million through a share issuance, lifting its available cash to US$323 million.

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