
SPUT’s US$200 Million Uranium Buying Plan Spurs Market Rally
The U3O8 spot price climbed sharply to kick off the week, hitting US$76.21 per pound. Its Monday (June 16) rise is a 9.7 percent gain from the previous week’s close of US$69.47, and came after news that the Sprott Physical Uranium Trust (TSX:U.U,OTCQX:SRUUF) had penned a US$100 million bought-deal financing. The financing was upsized to…