00:00 Uranium is a precious resource powering the world's nuclear reactors.
00:05 Currently, this provides about 9% of global electricity and 25% of the world's non-carbon
00:10 producing electricity, second only to hydro.
00:13 As political pressure builds to steer the global energy system away from fossil fuels,
00:18 nuclear stands as a proven alternative.
00:20 Because of this, uranium is experiencing a bull run.
00:23 The spot price is up roughly 72% in the last two years.
00:27 Over the last four decades, Sprott has established itself as a trusted global asset manager.
00:31 And one of the company's products critical to the global energy transition is the uranium
00:35 miners ETF, URNM.
00:38 Listed on the New York Stock Exchange ARCA, it's the only ETF to provide pure play exposure
00:42 to uranium miners and physical uranium essential to nuclear power.
00:46 The ETF is tied to the North Shore Global Uranium Mining Index, or URNMX.
00:52 The index is designed to track the performance of companies that devote at least 50% of their
00:56 assets to the uranium mining industry, which may include mining, exploration, development
01:00 and production of uranium, or holding physical uranium, owning uranium royalties, or engaging
01:05 in other non-mining activities that support the uranium mining industry.
01:09 Check out SprottETFs.com for more information on URNM and Sprott's other energy transition
01:15 ETFs.
01:15 (upbeat music)
Comments