Sprott Junior Uranium Miners ETF (URNJ)

Nuclear and uranium stocks have surged as power demand grows, boosted by government policies, global electrification, and AI spending. The IAEA projects global nuclear capacity to grow by more than 160% by 2050 as it becomes indispensable to achieving clean energy ambitions. $3 trillion of investment would be needed to solve global power shortages in the next 25 years, according to Bank of America.

Nuclear power is surging as AI-driven data centers fuel demand, with ETFs riding momentum and SMRs reshaping the sector's future.

URNJ has surged 136.55% from its low, hitting a 52-week high as uranium demand outlook brightens with AI-driven energy needs.

TORONTO, Sept. 10, 2025 (GLOBE NEWSWIRE) -- Sprott Inc. (“Sprott”) (NYSE/TSX: SII) today announced the launch of the Sprott Active Metals & Miners ETF (Nasdaq: METL) (“METL”), an actively managed ETF that aims to provide long-term capital appreciation by investing in companies across the metals and mining industry lifecycle, including miners, recyclers, and royalty and streaming companies associated with strategic metals that are in high global demand.

Kazatomprom and Cameco's production cuts remove over 6% of global uranium supply, tightening an already constrained market. Utilities are likely to seek new contracts with junior miners, creating a high-torque opportunity for developers and restarts. The Sprott Junior Uranium Miners ETF (URNJ) offers diversified exposure to juniors, avoiding single-asset and major producer risks.

As acceptance for nuclear energy usage becomes more widespread globally, the infrastructure in which it operates is also evolving. The United States, for example, is looking towards smaller, more efficient reactors that require higher uranium enrichment.

Whether it's the heavy power draw required for artificial intelligence (AI) data centers or a structural supply deficit, both are feeding into a strong rally for uranium miners. Those demand drivers are likely to remain, which means their rally could extend further.

NVDA's surge past a $4T market cap spotlights AI's explosive growth and the ETFs riding this tech-fueled momentum.

SoftBank's $1T Arizona AI proposal and Trump's AI push, fuel ETF opportunities across AI, tech and uranium sectors.

I remain bullish on uranium ETFs URNM and URNJ, as they offer comprehensive exposure to the uranium mining industry and spot uranium. The global energy transition has highlighted nuclear power's necessity, with supply-demand imbalances and depleted mines driving uranium prices higher. Recent catalysts, including new reactor builds and policy shifts, reinforce the long-term investment case for uranium. Even the World Bank is now on board with funding nuclear energy projects.

President Trump's executive orders on May 23 continue to build momentum for uranium. That's because investors are more clear on the direction the administration will take in terms of using nuclear power.

John Ciampaglia, Sprott Asset Management CEO, and Jan Van Eck, VanEck and Associates CEO, join Dom Chu on ‘ETF Edge' to discuss the opportunity for uranium and where the asset goes from here.

Artificial intelligence remains a hot topic, captivating consumers, businesses, and investors alike. Speaking toward the latter, this could open opportunities in uranium-focused ETFs, as the growth of AI requires a heavy draw on alternative energy sources like nuclear power.

Trump's executive orders to boost U.S. nuclear energy spark a rally in ETFs like NLR, URAN, URA, URNM and URNJ.

Uranium prices have fallen sharply from a high of $105/lb due to increased supply and moderating demand growth. Japan's reactor restarts and China's nuclear expansion were strong catalysts powering prices higher, but supply is now catching up. Cameco's production ramp will add to supply pressures.

Data centers can require copious amounts of power that an electric grid may not be able to provide. As such, the largest tech firms are considering the use of nuclear power.