Sprott’s $200M Uranium Blitz: Powering Up for a Nuclear Party
Sprott’s $200M Uranium Grab Signals Nuclear Energy’s Radiant Comeback

In a move that’s sparking buzz in the investment world, Sprott Physical Uranium Trust (SPUT) has just dropped a bombshell: a beefy $200 million bought deal financing, upsized from an earlier $100 million plan due to sizzling investor demand (1). Announced on June 16, 2025, this deal is set to supercharge the Trust’s uranium stash, and it’s got the market humming with anticipation. With uranium poised to fuel the world’s growing appetite for clean energy, Sprott’s latest play is a confident wink at the nuclear renaissance. Let’s unpack this high-voltage move and why it’s got investors buzzing.
The deal, brokered by Canaccord Genuity Corp., sees SPUT selling 11,600,000 units at a cool $17.25 each, raking in a gross haul of $200,100,000 (2). The net proceeds per unit are guaranteed to match at least 100% of the Trust’s most recently calculated net asset value, ensuring investors get a fair shake (3). Set to close on or about June 20, 2025, pending Toronto Stock Exchange approval, this financing is a strategic grab for physical uranium—think uranium oxide in concentrates and uranium hexafluoride—to bolster SPUT’s core mission of holding the real stuff (4). It’s a move that screams confidence in uranium’s future, and the market’s already giving it a standing ovation, with SPUT units jumping 4% to $17.66 in Toronto trading on announcement day (5).
Why the rush to stockpile uranium? The global energy landscape is shifting faster than a reactor in overdrive. Nuclear power, once the wallflower of the energy sector, is now strutting its stuff as a zero-carbon hero. With electrification, AI data centers, and global decarbonization goals driving demand, uranium’s outlook is glowing brighter than a Chernobyl control room (in a good way, of course). Spot prices, though, have been on a bit of a rollercoaster, dipping 13.26% to $64.83 per pound in Q1 2025 from $74.74 at year’s start (6). But don’t let the short-term wobble fool you—long-term prices are holding steady around $80 per pound, and experts are betting on a rebound as demand surges (7). Analysts predict steady production in 2025, with nuclear’s role in powering everything from EVs to AI servers pushing uranium into the spotlight (8).
