Sprott Junior Uranium Miners ETF

URNJ

Market cap $514M

Commodities of all kinds have been performing especially well as of late. Uranium is especially well-positioned to navigate 2026's markets.

The Sprott Junior Uranium Miners ETF offers concentrated exposure to small-cap uranium miners, amplifying both upside and downside in the uranium cycle. URNJ is highly sensitive to uranium price movements, rewarding patient investors during sector corrections and recoveries, but comes with significant volatility. The long-term uranium outlook remains bullish, driven by global nuclear expansion, data center power needs, and persistent supply deficits, favoring junior miners.

For those who have been on the fence about the direction uranium is heading, September likely offered more clarity.  Earlier in October, Jacob White, CFA, ETF Product Manager for Sprott Asset Management took a close look at how uranium performed last month.

On Oct 10, 2025, Wall Street saw about $2 trillion in market value wiped out. However, ETFs like SIVR, TAIL, URA, PZA, and VNM held steady.

Nuclear and uranium stocks have surged as power demand grows, boosted by government policies, global electrification, and AI spending. The IAEA projects global nuclear capacity to grow by more than 160% by 2050 as it becomes indispensable to achieving clean energy ambitions. $3 trillion of investment would be needed to solve global power shortages in the next 25 years, according to Bank of America.

Nuclear power is surging as AI-driven data centers fuel demand, with ETFs riding momentum and SMRs reshaping the sector's future.

URNJ has surged 136.55% from its low, hitting a 52-week high as uranium demand outlook brightens with AI-driven energy needs.

Kazatomprom and Cameco's production cuts remove over 6% of global uranium supply, tightening an already constrained market. Utilities are likely to seek new contracts with junior miners, creating a high-torque opportunity for developers and restarts. The Sprott Junior Uranium Miners ETF (URNJ) offers diversified exposure to juniors, avoiding single-asset and major producer risks.

As acceptance for nuclear energy usage becomes more widespread globally, the infrastructure in which it operates is also evolving. The United States, for example, is looking towards smaller, more efficient reactors that require higher uranium enrichment.

Whether it's the heavy power draw required for artificial intelligence (AI) data centers or a structural supply deficit, both are feeding into a strong rally for uranium miners. Those demand drivers are likely to remain, which means their rally could extend further.