Video | Sprott Uranium Miners UCITS ETF launches in London to tap into nuclear energy trend

HANetf listed the Sprott Uranium Miners UCITS ETF (ticker: URNM) on London Stock Exchange (LSE). The ETF is passported for sale across Europe.

The Uranium Miners ETF seeks to benefit from the potential growth in nuclear energy and uranium demand. To do so URNM will track the North Shore Sprott Uranium Miners Index. This index will include companies involved in the uranium industry spanning the mining exploration development and production of uranium. The Uranium Miners ETF is also permitted to invest in entities that hold physical uranium uranium royalties or other non-mining assets. Sprott are experts in the uranium space overseeing a US-listed ETF with around $1.5bn AUM and a physical uranium trust with over $3bn AUM. [1]

In the wake of the Russian invasion of Ukraine the UK government announced its intention to boost its homegrown energy supply with nuclear power playing a key role. According to one government cabinet minister the UK may have seven new nuclear power plants by 2050.[2] According to some estimates the UK could increase its reliance on nuclear energy to 25% of its energy needs. [3]

Learn more about our Uranium Miners ETF here.

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