UPDATE: "Uranium Stocks Soar After World's Largest Producer Announces Launch Of Physical Uranium Fund"

Following up on this morning's "Kazakhstan's Kazatomprom Will Be Buying Physical Uranium For Investment".

From ZeroHedge:

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....Of course, besides pure market dynamics, there is the greater shift observed in recent days, which has seen many nations pitch nuclear power as a mandatory "green" source of energy at a time when reliance on nat gas and coal has led to energy hyperinflation across many regions, something the Kazakhstan potassium uranium energy giant observed: "the accelerated global transition towards clean energy, including nuclear power with its inherent climate and low-carbon benefits, provides a strong investment thesis for the uranium industry."

However, as the national operator adds, "despite growing interest from a number of international- and regional-focused investors over the past several years, opportunities to gain exposure to the commodity have been limited to two uranium funds – one trading publicly on the Toronto Stock Exchange in Canada and a second listed on the AIM Exchange (part of the London Stock Exchange) in London."

As such, ANU Energy, being established through the AIFC in Kazakhstan, "will be the first uranium fund providing potential direct access for emerging market investors of various categories, particularly those focused on ESG and clean energy, as well as commodity funds, sovereign wealth funds and state-owned enterprises."

In other words, expect even less uranium in the open market as various physical Trust scramble to buy what little supply is available. Of course, more supply will come eventually... at a much higher price, something which is not lost on the Uranium sector which is making new decade highs this morning.

Then again, with producers now having the option of selling exclusively to trusts instead of in the spot market - with buying limited by only how much capital said Trusts, be it Sprott of Kazatomprom, have access to - the probability of uranium prices almost literally exploding to record highs can no longer be discounted, creating the potential for an unprecedented meltup in the uranium sector

Thank you Mr. Hume.