This Trust based in Canada is an interesting story as the move towards a cleaner energy future gains momentum, and clearly Uranium will be an increasingly important part of the mix. This vehicle was originally listed in Canada, raised additional money and then dual listed in New York. Without going into too much detail, there is an exchange issue which is stopping the purchase of these units in America for now, although we expect that to be fixed in the next few weeks suggesting some performance catch up is around the corner. The trust simply buys and holds physical uranium assets, with the performance of the trust dictated by the fate of the uranium price. An easy way to think about this versus the underlying stocks, is that stocks are more leveraged (volatile) versus the underlying commodity.
MM is bullish the uranium space and the U-U CN ETF
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