Sprott Physical Uranium Trust T.U.UN

Alternate Symbol(s): SRUUF

Financial Services Asset Management

Sprott Physical Uranium Trust (the Trust) is a Canada-based closed-end investment trust. The Trust invests and holds substantially all of its assets in physical uranium in the form of uranium oxide in concentrates and uranium hexafluoride (collectively, Uranium). The investment objective of the Trust is to provide a secure, convenient and exchange-traded investment alternative for investors interested in holding physical uranium without the inconvenience that is typical of a direct investment in physical uranium. The Trust intends to achieve its objective by investing primarily in long-term holdings of unencumbered, fully allocated, physical uranium and does not speculate with regard to short-term changes in uranium prices. Sprott Asset Management LP (the Manager) is the manager of the Trust. WMC Energy B.V. is the technical advisor (the Advisor) to the Manager.

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Sprott Physical Uranium Trust

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Post by seriousinveston Jan 18, 2024 11:37am

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Post# 35833714

Spot Uranium

I believe that today spot Uranium rose $13.50 to $106. I am surprised Sruuf did not increase a lot. The NAV must now be substantially higher than the current market price. I am guessing the discount is around 10% now. I believe that is higher than it has been recently. Maybe the investing public is unaware of how much U spot prices have recently increase?

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