Uranium Stocks Soar After Sprott Snags 1/3 Of Yearly Global Production In Weeks, Uranium Shortage?

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Uranium Soars After Sprott Massively Upsizes Buying Program By $1BN To $1.3BN
It’s a supply-versus-demand imbalance that has completely gotten out of hand.
Calling it a supply crunch or deficit doesn’t fully describe what’s happening in the U.S. nuclear industry today, in my opinion.
Non-existent really isn’t an exaggeration, as the nation continues to struggle just to get a sliver of the global uranium industry pie.
To put it bluntly, it’s a misconception that America’s nuclear plants use domestically-produced uranium.
The owners and operators of U.S. nuclear power reactors purchased the equivalent of about 48.9 million pounds of uranium in 2020, but unfortunately, they remain highly reliant on foreign sources for that uranium.
Today, the United States imports more than 90% of the uranium that it uses, and as you can imagine, the last thing the U.S. government wants is for the country to compromise its energy security by depending on foreign-sourced uranium.
Moreover, this is taking place at the worst possible timing since the nation’s electricity demand, according to the U.S. Department of Energy, will increase by 24% by the year 2035.
The answer is to have uranium producers on U.S. soil. The lack of local production is negatively impacting the nation politically, economically, and even in America’s safety and security.
The primary way that I'm positioning is with Uranium Energy Corp (NYSE: UEC), one of the only uranium companies on the New York Stock Exchange, but more importantly, a company that encompasses many of the angles of commodities value chain in one company!