URNM

The Sprott Uranium Miners ETF (URNM) is an exchange-traded fund designed to provide investors with exposure to the uranium mining sector and physical uranium commodities. The fund tracks companies engaged in uranium extraction and production, as well as holding physical uranium as a direct commodity component. Uranium is a critical element used primarily as fuel in nuclear power generation, which generates electricity for millions of people worldwide while producing minimal carbon emissions. The uranium mining industry encompasses both large-scale producers and junior exploration companies involved in discovering and developing new uranium deposits. Physical uranium is typically stored in secure facilities and represents a tangible asset backing within the fund's portfolio. The ETF structure allows investors to gain diversified exposure to the uranium market through a single security, capturing both the operational performance of mining companies and the price movements of uranium as a commodity. This dual approach—combining mining equities with physical uranium holdings—distinguishes it as a comprehensive vehicle for uranium sector participation.