Q: Hi, ‘Physical Uranium’ , not something you buy on the street….Where does Sprott get and hold its uranium ?
5i Research Answer:
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Sprott Physical Uranium Trust purchases physical uranium, specifically in the form of uranium oxide (U3O8), directly from producers, intermediaries, and the spot market. The Trust is not involved in uranium mining or production, but acts as an investment vehicle by buying and securely holding uranium for investors. Where is it held? Licensed Storage Facilities: All uranium held by the Trust is stored in licensed, specialized storage facilities that comply with global nuclear material safety regulations.
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Locations and Providers: Canada: Cameco facilities. United States: ConverDyn facilities. France: Orano facilities