The UK’s new nuclear partnership with the US is a “green light for long-term demand growth” in uranium, according to Hector McNeil, co-founder of HANetf.
He said the agreement, covering the development of small and advanced modular reactors, signalled a multibillion-pound pipeline of future fuel requirements.
With the UK’s legacy reactors nearing retirement, new builds would not only replace lost capacity but expand demand.
In the US, nuclear power capacity is set to quadruple by 2050, with output expected to rise from 100GWe to 400GWe.
At the same time, Western governments are working to reduce reliance on Russian fuel, pushing utilities towards secure supplies from allies in North America and Australia.
McNeil said that shift could spark long-term contracts, inventory restocking and firmer uranium prices.
“The next wave of nuclear is no longer theoretical; it’s happening, and it’s policy-backed,” he added.
“The Atlantic Partnership could become a cornerstone of future demand, underpinning both spot and long-term contracting activity well into the 2030s.”
HANetf has a range of uranium-focused funds, including the Sprott Uranium Miners ETF, the Junior Uranium Miners ETF and the Sprott Physical Uranium ETC.