How Electricity Trends Could Favor Uranium Miners

With disruptions in the oil sector continuing to stretch into the summer, nuclear energy is mounting an increasingly compelling use case. It is one of a few reasons why now may be a good time to increase your portfolio’s uranium exposure.Key Takeaways: With energy instability stemming from the Middle East conflict, nuclear energy and uranium miners are offering a compelling value proposition. John Viampaglia, CEO of Sprott Asset Management, discussed the importance of diversified energy sources in a recent “Metals in Motion” episode. He noted that companies are increasing investments in nuclear power. The Sprott Uranium Miners ETF gives investors access to both uranium and uranium miners, which can help portfolios access the opportunities within nuclear power. John Ciampaglia, CEO of Sprott Asset Management, recently evaluated the state of play for the nuclear energy industry during an episode of Metals in Motion. He and host Thalia Hayden discussed how the perception of nuclear energy has shifted from an alternative power source to a key part of many countries’ energy strategies.  See more: VIDEO: ETF of the Week: REXC As Ciampaglia pointed out, escalating conditions in the Middle East have drastically impacted the supply chains for oil and gas. Inversely, Ciampaglia assessed that uranium has been “absolutely uninterrupted and unaffected” by the conflict, creating favorable tailwinds for nuclear energy.  Furthermore, Ciampaglia noted that energy shocks like this are why it’s important to diversify one’s sources of energy. By doing so, companies and countries can keep the lights on while minimizing the impact that macroeconomic conditions could have on prices.  See more: Clean Energy Growth Powers Critical Materials MomentumThe Nuclear-Powered AI RaceMeanwhile, the nuclear energy field is seeing a surge of institutional capital. Much of this can be attributed to the construction of new reactors and the restarting of past projects. Ciampaglia asserted that this is also largely due to the AI race creating an excess surge in the demand for electricity.  “Many of the companies pursuing these AI visions, like Microsoft, Google and Meta, have determined that nuclear energy could be one of the sources to help fill this gap,” Ciampaglia added. “And so they’ve announced several financial transactions with large utilities and startup companies developing the next generation of smaller reactors. And they’re putting their capital behind these projects. They’re often signing very long-dated power purchase agreements at electricity prices well above current market levels. Nuclear is becoming a very important part of the solution to meeting the energy demand growth we’re seeing in certain parts of the world.” See more: Demand For Reliable Power Is Fueling Nuclear Renaissance For those who want to take part in the nuclear power opportunity set, the Sprott Uranium Miners ETF (URNM ) could help. URNM provides focused exposure to the uranium mining industry, along with physical uranium itself. Both are crucial components of nuclear power.  This fund’s approach to uranium exposure has already been paying off with compelling returns this year. As of May 31, 2026, URNM’s NAV has risen 11.56% year to date. 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, URN, COPP, COPJ, NIKL, SGDM, SGDJ, SLVR, GBUG, METL 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.