Uranium Investment Thesis Explained by Sprott CEO John Ciampaglia (Hosted by Brian Leni)
Listen to Sprott CEO John Ciampaglia explain the uranium investment thesis in this episode hosted by investor Brian Leni of JuniorStockReview.com.
The uranium price has been strong in 2022 and today sits around US$50/lbs. Its strength over the last year and a half has been built on the back of worldwide de-carbonisation and an energy crisis. At the moment nuclear power represents the only real low carbon option for baseload power, the renewables just can’t compete when the sun isn’t shining and the wind isn’t blowing. In terms of the energy crisis, the Russian / Ukraine conflict has made it very clear that it is vital that countries secure energy sources as tensions and at least a partial de-globalization takes place. Uranium will be a bigger part of the world’s future energy mix. In this interview we have a conversation with John Ciampaglia, CEO of Sprott Asset Management, the custodian of the Sprott Physical Uranium Trust (U.UN, U.U). A number of topics are covered in our conversation including the impact of the Japanese reactor restarts, new reactor construction, impact of the Russia / Ukraine conflict on the uranium market and what to watch for in the uranium market in 2023.
0:00 Introduction
0:15 – A brief overview of John’s professional background and how he ended up at Sprott?
1:29 – Are we seeing the effect of the Japanese re-starts in the uranium price right now
6:46 – Why isn’t the West (North America & Europe) following Asia’s or China’s lead in new reactor construction?
15:30 – East versus West, how or will the Russian / Ukraine conflict affect the uranium market – influence on Kazakhstan?
24:12 – What happened to the uranium Japan didn’t use since Fukushima, but was contracted to purchase?
26:33 – Small Modular Reactors (SMRs) – are they the answer to widespread adoption of nuclear power?
32:38 – What should investors be watching in 2023 to gauge the health of the uranium market?
38:37 – Sprott Physical Uranium Trust and Sprott Uranium Miners ETF
