Sprott and HANetf set to launch Europe’s first Junior Uranium Miners UCITS ETF

In a strategic collaboration, HANetf and Sprott Asset Management are gearing up to introduce Europe's inaugural Junior Uranium Miners Exchange-Traded Fund (ETF), tapping into the burgeoning market of smaller uranium mining companies. Set against the backdrop of a global surge in nuclear power expansion, the launch aims to provide investors with targeted exposure to the growth potential within the uranium sector.

URNJ Overview Information

The Sprott Junior Uranium Miners UCITS ETF (URNJ) will debut on the London Stock Exchange (LSE), Xetra, and Borsa Italiana in February 2024 and will track the Nasdaq Sprott Junior Uranium Miners™ Index.

Its US-listed counterpart has already amassed $344 million in Assets under Management (AuM) since its inception in February 2023.

Unlike its predecessor URNM, URNJ will concentrate on small and mid-size uranium miners, potentially poised for notable growth in the foreseeable future.

Market Insights Information

The burgeoning interest in nuclear energy is underscored by a recent commitment made by 22 countries, including major players like the US, Canada, France, Japan, and the UK, to triple nuclear energy capacity by 2050, as unveiled at COP28 in December 2023.

This surge in nuclear energy demand is expected to exacerbate the existing uranium supply-demand imbalance, as nations ramp up reactor restarts, embark on new builds, and reconsider the decommissioning of legacy reactors.

Against the backdrop of evolving global energy needs and a reevaluation of nuclear energy's role, emerging uranium mining companies may find themselves in a favorable position to capitalize on the industry's growth trajectory.

"Uranium prices have surged over the past year, entering a new bull market as the indispensable role of nuclear power in the energy transition becomes apparent. Investor interest has steadily risen, as shown by the extraordinary growth of URNM. But missing from Europe until now has been a small and mid cap uranium miners focused ETF. We have seen a flood of enquiries from investors asking if we are bringing a Junior Uranium Mining ETF to the European market. We are very proud to be launching Europe’s first Junior Uranium Mining UCITS ETF and even more proud to be doing so in partnership with Sprott Asset Management, who are real leaders in the uranium investment space.

As Europe’s first, leading, and largest white label ETF provider we really enjoy working with industry leaders and sector experts like Sprott. Clearly, they are experts in the Uranium and natural resources industries and have developed significant and unique IP over the years. Working with HANetf they can successfully bring this IP to European and Global investors who want to use the UCITS wrapper without putting boots on the ground in Europe in a time and cost efficient manner.” 

Hector McNeil, Co-Founder and Co-CEO of HANetf