I have been writing to you for a few weeks now about the uranium bull market that is materializing...
Especially here in North America, where the United States operates the world's largest nuclear fleet with 99 reactors... but only produces enough uranium to supply one of them.
Which has left one of every five light bulbs dependent on a foreign source of uranium to light our way.
I've covered many of the bullish catalysts and how to invest in this new report...
But things are developing so quickly that interim updates like this are needed to keep you fully abreast of what's happening with uranium.
In the latest sign the sector is heating up, a new ETF has been formed to allow investors to play it.
Announced last week, The Horizons Global Uranium Index ETF (HURA) is the first ETF in Canada to provide direct exposure to the global uranium sector.
Not only will the fund hold shares of uranium mining and exploration companies, but 25% of its portfolio will provide exposure to the commodity itself.
The timing makes clear Horizons is expecting greater demand for uranium investments in the near future. And its portfolio manager, Nick Piquard, said this is because of reasons I've been trying to hammer home for you as well, namely that nuclear is the only baseload source of clean electricity in the world:
"There is a realization at the highest levels that wind and solar energy alone will not be able to ensure global carbon emission targets are met," said Nick Piquard, Portfolio Manager and Options Strategist at Horizons ETFs. "Today, nuclear is the only viable solution to supply zero- emission-base-load-power, and currently, there is not enough uranium being mined to meet planned growth. These factors combined make for a very positive opportunity for the Uranium mining sector."
And there are other factors now developing...
I've told you that President Trump is expected to make a very beneficial decision for the uranium sector by July 14 - essentially moving to create policies that make uranium production in the U.S. competitive once again so we aren't reliant on foreign fuel for 98 of our nuclear reactors.