How can I invest in uranium?

Primary vehicles: uranium mining stocks (CCJ, UEC, DNN, PDN.AX), uranium equity ETFs (URA, URNM, URNJ), Sprott Physical Uranium Trust (U.UN on TSX, SRUUF OTC), or the VanEck Uranium + Nuclear ETF (NLR) which includes utilities. Uranium futures (UX) exist on CME but have thin volume.

Why is uranium in a bull market?

Three structural drivers: (1) Primary mine supply (~135M lb/yr) is well below annual utility demand (~190M lb/yr). (2) Sprott Physical Uranium Trust accumulated 65M+ lb since 2021, removing physical supply from the market. (3) Utility re-contracting accelerated in 2022-2026 after a decade of undercontracting post-Fukushima, driving term prices structurally higher. The nuclear renaissance (China builds, Western reactor restarts, AI data center demand) is the demand-side tailwind.

What is the Sprott Physical Uranium Trust (SPUT)?

SPUT (TSX: U.UN, OTC: SRUUF) is a closed-end fund that holds physical U3O8 in licensed storage facilities. When its units trade at a premium to NAV, it issues new units and buys spot uranium, directly supporting the price. It held over 65M lb as of mid-2026, making it the single largest holder of physical uranium outside of utilities and governments.

Who are the largest uranium producers?

Kazatomprom (Kazakhstan, ~40% of global supply), Cameco (Canada), Orano (France, operates mines in Niger and Kazakhstan), Uranium One (Russia-controlled, also in Kazakhstan), Paladin Energy (Namibia), and Denison Mines (Canada, developing Wheeler River). The US and Australia have significant resources but relatively small current production.

Live · Updated just now·USD/lb U3O8·Uranium Tracker →

Uranium price today: live

Snapshot · Daily/weekly feed

Uranium is priced through the UxC weekly spot price index. The thin spot market means Sprott Physical Uranium Trust (SPUT) buying can move prices materially; most uranium trades on long-term utility contracts.

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Chart proxy: URA is the most liquid uranium equity ETF and the standard retail proxy for uranium price exposure. Direct uranium spot (UxC) is not exchange-traded.

Price history

Uranium price chart

Full data on Uranium Tracker →

Global X Uranium ETF (URA)USD

Full chart on TradingView →

Note: URA is the most liquid uranium equity ETF and the standard retail proxy for uranium price exposure. Direct uranium spot (UxC) is not exchange-traded.

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Stock screener, insider transaction tracker, and ETF holdings database, all for uranium specifically. Free, with attribution.

Uranium Stock Screener

Filter uranium miners, developers, and explorers by jurisdiction, exchange, market cap, and revenue mix. See who is pure-play vs diversified.

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Insider Transactions

Track Form 4 filings across uranium producers. See which executives are buying or selling, with timing and cluster signals.

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ETF and Trust Holdings

Live holdings, AUM, expense ratios, and flow data for uranium ETFs and trusts. See what the biggest funds actually own.

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Uranium mining stocks

Major producers

Source: Yahoo Finance + SEC EDGARFull screener →

#	Company	Commodity revenue	Price	24h %	YTD	1Y	Geography
01	CCJ Cameco Corporation Largest western uranium producer. McArthur River/Key Lake and Cigar Lake (Saskatchewan). Also 49% of Westinghouse Electric (nuclear services).	~85%	—	—	—	—	Canada · Kazakhstan (JV)
02	CCJ Kazatomprom / Cameco JV Worlds largest uranium producer. State-owned. 40% of global primary supply. ISR mining in Kazakhstan. Listed on LSE and Astana Exchange.	~98%	—	—	—	—	Kazakhstan
03	UEC Uranium Energy Corp. US-focused ISR uranium producer. Wyoming (Nichols Ranch), Texas (Palangana). Hub-and-spoke ISR model. No debt.	~92%	—	—	—	—	USA
04	DNN Denison Mines Wheeler River (Athabasca Basin): world-class ISR deposit. 70% stake. 22.5% interest in McClean Lake mill. Key Lake toll milling agreement with Cameco.	~88%	—	—	—	—	Canada
05	UEC Uranium Energy Corp. Langer Heinrich (Namibia) restarted 2024 after care-and-maintenance since 2018. Mid-tier producer targeting 6M lb/yr ramp-up by 2026.	~95%	—	—	—	—	Namibia · Australia
06	UUUU Energy Fuels Inc. Lost Creek ISR operation (Wyoming). Low-cost US-based producer. Benefits from US government purchasing programs for domestic uranium.	~95%	—	—	—	—	USA

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CriticalCurated top 5

Uranium producer stocks

All commodity stocks

#	Company	Ticker	Price	24h %	Exchange	Note
01	Cameco Corporation NYSE: CCJ / TSX: CCO	CCJ	--	--	NYSE	Cigar Lake + McArthur River + Inkai
02	Constellation Energy NASDAQ: CEG	CEG	--	--	NASDAQ	Largest US nuclear operator
03	NexGen Energy NYSE: NXE / TSX: NXE	NXE	--	--	NYSE	Arrow deposit Saskatchewan
04	Denison Mines Corp NYSE: DNN / TSX: DML	DNN	--	--	NYSE	Wheeler River Saskatchewan
05	Uranium Energy Corp NYSE: UEC	UEC	--	--	NYSE	US + Canada in-situ recovery
06	Uranium Royalty Corp NASDAQ: UROY	UROY	--	--	NASDAQ	Uranium royalty pure-play

Ranked by commodity exposure (30%+ rule). Source: CommoditiesTracker hub database, June 2026. · Full producer database →

Uranium ETFs

Top funds by AUM

Source: Yahoo Finance + ETF issuer pagesAll uranium ETFs →

Ticker	Fund	Structure	Expense ratio	AUM	YTD	1Y
URA	Global X Uranium ETF Global X	Miners	0.69%	—	—	—
URNM	Sprott Uranium Miners ETF Sprott	Miners	0.75%	—	—	—
U_UN_TO	Sprott Physical Uranium Trust Sprott	Physical	0.41%	—	—	—
URNJ	Sprott Junior Uranium Miners Sprott	Miners	0.75%	—	—	—
NLR	VanEck Uranium + Nuclear ETF VanEck	Miners	0.61%	—	—	—
HURA_TO	Global X Uranium ETF (Canada) Global X	Miners	0.95%	—	—	—

How uranium prices move

What’s moving this market

Structural fundamentals · Reviewed annually

Supply

Kazakhstan dominates; Western buyers diversifying away

Kazakhstan (Kazatomprom) produces roughly 40% of global uranium. Canada (Cameco), Australia, Uzbekistan, and Namibia are the next largest. Niger output was disrupted after the July 2023 coup; Orano's Imouraren license was revoked. Western utilities are actively reducing African and Russian-routed supply, creating a structural shift toward Kazakh, Canadian, and Australian production.

World Nuclear Association

Demand

440 operating reactors, 60+ under construction

Primary mine supply (~135M lb/yr) falls well short of utility requirements (~190M lb/yr). The structural gap is filled by inventories, secondary supply, and re-enrichment. Reactor restarts (Three Mile Island in PA, Palisades in MI), life extensions, and new builds in China, India, Turkey, and Egypt are all incremental demand. AI data center power demand is adding new utility interest in nuclear baseload.

WNA · IAEA

Policy and macro

SPUT and term contracting are the market movers

Sprott Physical Uranium Trust (TSX: U.UN) has accumulated 65M+ lb U3O8 since 2021 without selling a pound. New unit issuance triggers physical spot buying that can move the thin market. Utility re-contracting cycles are the other key driver: the 2022-2026 wave of long-term contracts is the first since the post-Fukushima trough and is driving term prices structurally higher.

UxC Consulting · Sprott

Key market data

Uranium fundamentals

Annual Mine Supply

135M lb

Top producing countries: Kazakhstan (~40%), Canada, Australia, Uzbekistan, Namibia, Niger. Niger output disrupted since July 2023 coup; Orano's Imouraren license revoked. Western buyers actively reducing African and Russian-routed supply.

World Nuclear Association

Annual Reactor Demand

190M lb

Approximately 440 reactors operating globally. Primary mine supply (~135M lb) falls well short of utility requirements (~190M lb); the structural gap is filled by inventories, tails re-enrichment, and secondary supply.

WNA · UxC

SPUT Holdings

65M lb

Sprott Physical Uranium Trust (TSX: U.UN / OTC: SRUUF) is the world's largest physical uranium fund. Holdings exceed 65M lb U3O8, accumulated since 2021. The trust has not sold any pounds; new issuance drives spot buying that can move the thin market.

Sprott · Weekly

Term Price (UxC)

$84.50/lb

The UxC long-term term price drives mine investment economics. Term prices have moved structurally higher with utility re-contracting since 2022 (the lowest contracting cycle in over a decade).

UxC Consulting · Weekly

Reactors Under Construction

60

China leads with ~25 reactors under construction (targeting 70 by 2035). India, Russia, Turkey, Egypt, South Korea, and UAE are also building. Western reactor restarts (TMI in PA, Palisades in MI) and life extensions are additional supply-side demand.

WNA · IAEA

Price Volatility (90-day)

~32%

High volatility for a non-exchange-traded commodity. The thin spot market means SPUT or single utility buying can move prices materially; term pricing is far less volatile and is the primary driver of new mine investment decisions.

Calculated · Daily

2026 price forecasts

Uranium price targets from 20 analysts

Aggregated 2026 price forecasts from major banks, research houses, and industry bodies. Range, median, and revision history — every forecast linked to its source.

Consensus range

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How to invest in uranium

Ways to gain uranium exposure

Full investing guide

ETFs

Uranium ETFs

The most accessible vehicle for retail investors. Trade like stocks, low expense ratios.

URA URNM U_UN_TO

Equities

Uranium stocks

Mining and producer stocks offer 1.5-3x leverage to the underlying commodity but carry operational risk.

CCJ CCJ UEC

Futures

Uranium futures

COMEX / LME / NYMEX futures provide direct price exposure with leverage. Requires a futures-enabled brokerage account.

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Uranium Tracker

The dedicated tracker site for in-depth uranium research: screeners, insiders, ETF holdings.

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Frequently asked questions

Common questions, answered

The uranium spot price shown on this page is the UxC U3O8 spot indicator, updated weekly. Unlike gold or oil, uranium does not trade on a public exchange. The spot market is very thin; most uranium trades on long-term contracts between utilities and producers. Sprott Physical Uranium Trust (SPUT) is the most accessible proxy for retail investors.

Uranium price today: live

Uranium price chart

Go deeper on Uranium

Dig into uranium the way pros do

Major producers

Producer stock buzz

Uranium producer stocks

Top funds by AUM

What’s moving this market

Kazakhstan dominates; Western buyers diversifying away

440 operating reactors, 60+ under construction

SPUT and term contracting are the market movers

Uranium fundamentals

Uranium price targets from 20 analysts

Ways to gain uranium exposure

Uranium ETFs

Uranium stocks

Uranium futures

Uranium Tracker

Common questions, answered

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