URNM rose 0.7% amid positive developments in the uranium and broader precious metals sector. Uranium spot prices moved above $100 per pound as of early 2026, according to Sprott's uranium market commentary. The U.S. Department of Energy awarded General Matter a $900 million contract to build domestic High-Assay Low-Enriched Uranium enrichment capacity as part of a $2.7 billion initiative to rebuild the U.S. nuclear fuel supply chain. The Trump Administration implemented executive orders supporting nuclear energy development. Sprott, the fund manager, reported strong financial results with assets under management reaching $70.1 billion as of February 13, 2026, up 89% year-over-year, driven by $7.7 billion in market appreciation and $2.8 billion in net inflows, primarily in exchange-listed products.
Read full analysisURNM rose 0.7% amid positive developments in the uranium and broader precious metals sector. Uranium spot prices moved above $100 per pound as of early 2026, according to Sprott's uranium market commentary. The U.S. Department of Energy awarded General Matter a $900 million contract to build domestic High-Assay Low-Enriched Uranium enrichment capacity as part of a $2.7 billion initiative to rebuild the U.S. nuclear fuel supply chain. The Trump Administration implemented executive orders supporting nuclear energy development. Sprott, the fund manager, reported strong financial results with assets under management reaching $70.1 billion as of February 13, 2026, up 89% year-over-year, driven by $7.7 billion in market appreciation and $2.8 billion in net inflows, primarily in exchange-listed products.
URNM is the Sprott Uranium Miners ETF, tracking a basket of companies involved in uranium mining and the broader nuclear fuel cycle. It has become a popular vehicle for investors seeking exposure to nuclear energy, supported by spot uranium prices above $100/lb and U.S. government policy tailwinds including a $2.7 billion DOE initiative to rebuild domestic fuel supply. The ETF has been exceptionally volatile throughout February 2026, with daily swings routinely exceeding 3-5%, making today's sub-1% move unremarkable by recent standards.