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Sprott Acquires Physical Uranium Fund as Uranium Bear Market Ends etftrends.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from etftrends.com Daily Mail and Mail on Sunday newspapers.
May 11 2021
As the uranium spot price rose 3.8% for the week, share prices of current and prospective uranium producers rose solidly
-Uranium equities outperform most indices
-Cameco and Kazatomprom production reports
-Uranium spot price rise by 3.8% for the week
By Mark Woodruff
Share prices of current and prospective uranium producers rose solidly last week. A contributing factor was the announcement by Sprott Asset Management and physical uranium investment vehicle Uranium Participation Corporation (UPC) of an agreement to modernise the UPC business structure and pursue a US listing. For further detail refer to last week’s article: https://www.fnarena.com/index.php/2021/05/04/uranium-week-new-uranium-investment-vehicle/
i In this AIF, unless otherwise indicated, all dollar amounts are expressed in Canadian dollars. The daily foreign exchange rate for Canadian/U.S. dollars as published by the Bank of Canada on February 26, 2021, the last business day prior to fiscal year end, was Cdn$1.2685 = U.S.$1.00. Except as otherwise indicated, the information contained in this AIF is stated as at February 28, 2021. NON-IFRS FINANCIAL PERFORMANCE MEASURES This Annual Information Form ( AIF ) contains references to Net Asset Value or NAV , which is a non-IFRS financial performance measure. The NAV is calculated as the value of total assets less the value of total liabilities. To arrive at NAV per share, the NAV is then divided by the total number of common shares outstanding as at a specific date. The term NAV does not have any standardized meaning according to IFRS and therefore may not be comparable to similar measures presented by other companies. The NAV e