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Move over Sprott: Another uranium fund is removing yellowcake from the tightening spot market – Stockhead
The fund — backed by global #1 producer Kazatomprom — is expected to raise ~$US550 million to be used for uranium purchases….
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In August, the Sprott Physical Uranium Trust (SPUT) started buying up physical uranium, taking it out of market circulation.
It has been a proverbial can of kerosene on the spot price, which has since risen from ~$32/lb to about…
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