The Uranium mining sector has been an area to watch lately, given that the new uranium bull market is underway. After years of price stagnation, uranium has become a breakout performer, climbing 164 percent from January 2020 to an 11-year high in April 2022 on the back of the green transition and concerns about energy security. Those factors allowed uranium to hold firmly above US$48 per pound for the majority of 2022.

An increased number of countries across the globe are planning to turn back on nuclear reactors in the face of a growing energy crisis. According to Citigroup Research, 13 reactors have gone offline in the U.S. since 2013, with a 10GWe decrease in net capacity due to premature reactor shutdowns. As the energy crisis in Europe intensifies, investors have been increasingly betting on uranium's unique role in energy security.

For investors seeking momentum, Sprott Uranium Miners ETF (URNM) is a must-see instrument. The fund just hit a 52-week high and is up 11% from its 52-week low price of $54.00/share. Currently, URNM looks reliably outperforming the broad market and coping with USD appreciation headwind, therefore technically and fundamentally strong despite higher 20-day volatility of 245.5%. As a result, there is definitely still some promise for risk-aggressive investors, who want to ride on this surging ETF.

Sprott Uranium Miners ETF provides exposure to companies that devote at least 50% of their assets to the uranium mining industry, which may include mining, exploration, development and production of uranium, or holding physical uranium, owning uranium royalties, or engaging in other, non-mining activities that support the uranium mining industry. The product charges 85 bps in annual fees.