Uranium Demand Creates Room for Miner Momentum

Commodities of all kinds have been performing especially well as of late. Uranium is especially well-positioned to navigate 2026’s markets. 

There are a few reasons why this may be the case. First, advisors and investors saw new indicators in the later part of 2025 that showed that demand for uranium will likely be on the rise for the time being. Back in October 2025, the U.S. government announced a deal to allocate up to $80 billion in funding to construct new nuclear reactors. 

Momentum for uranium is mounting amid the private sector, as well. Big Tech giants like Amazon, Microsoft, and Google are putting billions of dollars into deals for nuclear power to  power their AI operations and data centers. These deals highlight how investors are looking at nuclear power, and uranium by extension, as a potent solution to the rising need for electrical power.

Demand for uranium seems to be skyrocketing, but can the supply keep up? It’s still early, but early indicators from producers seem to show that output won’t be expanding at a rate to match this demand. Geopolitical tensions may complicate this further, as well.

Put together, these supply-demand dynamics are helping to buoy the price of uranium, and that momentum doesn’t seem to be slowing down any time soon. 

Uranium Miner ETFs Are Offering Solid Report Cards

Pure-play uranium exposure isn’t the only way that advisors and investors can cash in on the uranium rally. In fact, uranium miner ETFs are already offering attractive year-to-date returns, despite only being less than one month into the new year. 

This includes the Sprott Uranium Miners ETF (URNM). Interestingly enough, URNM invests in both uranium miners and physical uranium itself. This gives the fund a few different routes for profiting off of an ongoing uranium rally. 

Riding the momentum in the uranium space, URNM is offering extremely compelling returns thus far. Year-to-date, the fund is up 37.18%, as of January 22, 2026, according to FactSet data.

URNM isn’t the only uranium miner ETF worth taking a closer look at right now. The Sprott Junior Uranium Miners ETF (URNJ) is also putting up a competitive performance as of late. 

Unlike URNM, URNJ focuses on investing in smaller uranium miners. This lets the fund operate more as a potential growth play, as these companies could see significant growth and expansion as uranium continues to rally. 

URNJ is also generating high year-to-date results in a short time period. FactSet data shows that as of January 22, 2026, the fund is up 40.28% year-to-date. 

For more news, information, and analysis, visit the Gold/Silver/Critical Minerals Content Hub.

An investor should consider the investment objectives, risks, charges, and expenses carefully before investing. To obtain a Prospectus, which contains this and other information, contact your financial professional or call 888.622.1813. Read the Prospectus carefully before investing, which can also be found by clicking one of the links below.

Past performance is no guarantee of future results.  One cannot invest directly in an index.

Funds that emphasize investments in small/mid-cap companies will generally experience greater price volatility. Diversification does not eliminate the risk of investment losses. ETFs are considered to have continuous liquidity because they allow an individual to trade throughout the day. A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, affect the Fund’s performance.

Sprott Asset Management USA, Inc. is the Investment Adviser to the ETFs. ALPS Distributors, Inc. is the Distributor for the ETFs and is a registered broker-dealer and FINRA Member. ALPS Distributors, Inc. is not affiliated with Sprott Asset Management USA, Inc. or VettaFi.

Exchange Traded Funds (ETFs):  SETM, LITP, URNM, URN, COPP, COPJ, NIKL, SGDM, SGDJ, SLVR, GBUG, METL
Physical Bullion Funds:PHYS, PSLV, CEF, and SPPP.

Gold and precious metals are referred to with terms of art like store of value, safe haven and safe asset. These terms should not be construed to guarantee any form of investment safety. While “safe” assets like gold, Treasuries, money market funds and cash generally do not carry a high risk of loss relative to other asset classes, any asset may lose value, which may involve the complete loss of invested principal.

Earn free CE credits and discover new strategies