Sprott Junior Uranium Miners UCITS ETF (URNJ) goals to supply “pure-play” publicity to smaller uranium miners, that are set to learn from the expansion of uranium.
URNJ will checklist on the London Inventory Trade, Xetra and Borsa Italiana in February 2024 and observe the Nasdaq Sprott Junior Uranium Miners index.
The US-listed model of the ETF launched in February 2023 and holds $344m in property beneath administration.
HANetf consolidates thematic ETFs over failure to collect property
HANetf argued the event of nuclear energy is prone to create a requirement and provide imbalance for uranium, doubtlessly benefitting new and development-stage uranium miners.
The companies first collaborated to launch the Sprott Uranium Miners UCITS ETF (URNM) in Might 2022, the European model of which now has $300m AUM.
URNJ would be the fourth joint launch from the companies, following URNM, Sprott Vitality Transition Supplies UCITS ETF (SETM) and Sprott Copper Miners ESG Screened UCITS ETF (CPPR).
HANetf launches ‘pure play’ Article 8 copper mining ETF
Hector McNeil, co-founder and co-CEO of HANetf, mentioned there was a rise in uranium costs, resulting in a bull market as recognition for the “indispensable” position of nuclear energy within the power transition grows.
“Investor curiosity has steadily risen, as proven by the extraordinary progress of URNM,” he added.
“However lacking from Europe till now has been a small and mid-cap uranium miners targeted ETF. We’ve got seen a flood of enquiries from buyers asking if we’re bringing a junior uranium mining ETF to the European market.
“We’re very proud to be launching Europe’s first junior uranium mining UCITS ETF and much more proud to be doing so in partnership with Sprott Asset Administration, who’re actual leaders within the uranium funding house.”
