John Ciampaglia: Uranium Turnaround? Spot Price Pop, Stocks and SPUT Raise

John Ciampaglia of Sprott Asset Management discusses uranium supply, demand and pricing, also sharing details on the Sprott Physical Uranium Trust's recent US$200 million bought-deal financing.

""It's clearly acted as a very positive catalyst — the spot price has popped, a lot of the equities have popped on this, and it's really acted as a nice shot of positive sentiment into the sector after being kind of down for a number of months,"" he said about the financing.

❓When will utilities start contracting? Tell us in the comments!

This interview was filmed on June 25, 2025.

#Investing #Nuclear #Uranium

0:00 - Intro
0:18 - SPUT's US$200 million raise
2:21 - Will SPUT ever sell uranium?
5:24 - Pent-up utilities demand
8:35 - When will utilities start buying?
12:11 - Uranium stock short selling
16:51 - Supply/demand balance
20:00 - Spot vs. term uranium prices
22:27 - Is war impacting uranium?
24:20 - Uranium turning a corner
26:04 - Outro