Tap Into Nuclear Energy's AI Boom With Uranium Miner ETFs

Advisors and investors following the commodity markets are likely aware that spot uranium has seen noticeable price growth over the past year. According to Jacob White, CFA, director of ETF product management at Sprott Asset Management, spot uranium prices rose 21.25% in the last 12 months ending July 31, 2026.Key Takeaways: Spot uranium has seen strong price momentum over the past 12 months, with Sprott’s Jacob White, CFA, noting that spot uranium prices have grown by 21.25% over the past year, as of July 31, 2026. Sprott CEO John Ciampaglia recently cited the AI buildout and new nuclear energy IPOs as key drivers of the surge. Uranium miner ETFs such as the Sprott Uranium Miners ETF (URNM) and the Sprott Junior Uranium Miners ETF (URNJ) could provide a compelling opportunity to take advantage of growth within the uranium space. Uranium’s price growth is certainly visible, but what is driving this rally? This topic was discussed during the World Nuclear Symposium 2026, which took place earlier this month in London. At the conference, John Ciampaglia, CEO of Sprott Asset Management, sat down with Bloor Street Capital to discuss why the uranium sector is seeing such renewed interest. During the interview, Ciampaglia highlighted a few different factors working in favor of the uranium industry right now. One of the main drivers benefiting uranium and the nuclear energy space as a whole has been the rapid AI buildout. See More: Gold’s Summer Surge Fueled by the Debasement Trade Ciampaglia explained that many AI hyperscalers first looked to renewable energy to meet data center power needs. However, due to the inherent limitations of renewable energy, nuclear energy entered the conversation as a viable means to keep data centers running. “Why that’s important is they bring much-needed capital to the space, particularly for more nascent technologies, smaller-scale reactors, which they’re funding,” explained Ciampaglia.Demand Fueled by New IPOsAI isn’t the only key factor powering interest in nuclear energy as of late. Ciampaglia also showcased that new IPOs are coming into the nuclear energy space, citing Westinghouse as an example. Investor capital heading towards key nuclear power giants may very well work in favor of uranium prices. These new IPOs signal structural demand for nuclear energy, and this demand will need to be met with a steady supply of uranium. See More: How Battery Storage Is Powering Lithium Liner Momentum Advisors and investors looking to benefit from these favorable factors may want to consider building exposure to the uranium mining industry. As global demand for nuclear power and uranium accelerates, uranium miners could be well-positioned to see long-term growth. Sprott offers a few different ways to foster access to uranium miners through the ETF wrapper. For instance, one could opt to use the Sprott Uranium Miners ETF (URNM). URNM invests in both uranium miners and physical uranium itself. Alternatively, the Sprott Junior Uranium Miners ETF (URNJ) could offer an attractive opportunity set. URNJ also invests in uranium miners, but focuses its allocations towards smaller mining companies. This approach could offer deep growth potential, should the nuclear energy space pick up steam. For more news, information, and analysis, visit the Gold/Silver/Critical Minerals Content Hub.DisclosuresAn investor should consider the investment objectives, risks, charges, and expenses carefully before investing. To obtain a Prospectus, which contains this and other information, contact your financial professional or call 888.622.1813. Read the Prospectus carefully before investing, which can also be found by clicking one of the links below. Past performance is no guarantee of future results. One cannot invest directly in an index. Funds that emphasize investments in small/mid-cap companies will generally experience greater price volatility. Diversification does not eliminate the risk of investment losses. ETFs are considered to have continuous liquidity because they allow an individual to trade throughout the day. A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, affect the Fund’s performance. Sprott Asset Management USA, Inc. is the Investment Adviser to the ETFs. ALPS Distributors, Inc. is the Distributor for the ETFs and is a registered broker-dealer and FINRA Member. ALPS Distributors, Inc. is not affiliated with Sprott Asset Management USA, Inc. or VettaFi. Exchange Traded Funds (ETFs): SETM, LITP, URNM, URNJ, COPP, COPJ, NIKL, SGDM, SGDJ, SLVR, GBUG, METL, and REXC Physical Bullion Funds: PHYS, PSLV, CEF, and SPPP. Gold and precious metals are referred to with terms of art like store of value, safe haven and safe asset. These terms should not be construed to guarantee any form of investment safety. While “safe” assets like gold, Treasuries, money market funds and cash generally do not carry a high risk of loss relative to other asset classes, any asset may lose value, which may involve the complete loss of invested principal.