Mike PhilbrickSprott Uranium Miners ETFURNMTOP PICKOct 15, 2024

We need nuclear to power the demand of AI data centres. It's pervasive. Now we have the CCO-BAM-US government deal to fast-track nuclear reactors. Likes this long term.

If investors want more of a Canadian wrapper, there's HURA. Kind of a 1-stop shop, as this one holds about 12-15% in the underlying commodity.

Regulations starting to clear the way in the US to bring on more reactors. Ontario is a global leader in nuclear energy. Will have to be integrated into the system to meet global power demands. Again, crisis necessitates change.

We won't power all these data centres with only wind and solar energy.

URNM is up 9% YTD, and the physical uranium ETF is up 12%. Stocks are always going to have higher volatility than the metal, and it really depends what investors are looking for. We are not 'concerned' here, and in a continued rally we would still expect URNM to outperform.
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It's a global uranium ETF. It's the cleanest energy out there. She thinks more people will realize it. Buy it at $78 and sell the January 90 calls to gain $6 or 7.5%.