TSX:URE - Post Discussion
Post by
VTR1000 on Feb 10, 2022 12:31pm
Macron announces nuclear plans
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."
Macron announces nuclear plans, Sprott hoards uranium, miners continue to rally | Seeking Alpha
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