Tiger Brokers

BUZZ-Australian uranium miners climb as Citi expects uranium prices to accelerate

Reuters
Jun 17
BUZZ-Australian uranium miners climb as Citi expects uranium prices to accelerate

** Shares of Australian uranium miners Paladin Energy PDN.AX, Boss Energy BOE.AX and Deep Yellow DYL.AX rise and are among top gainers in the benchmark ASX200 index .AXJO

** Citi highlights Sprott SII.TO on behalf of the Sprott Physical Uranium Trust $(SPUT)$, reporting an upsized financing deal of $200 million

** Says spot triuranium octoxide (U3O8) prices currently are at $76 per pound (lb), with reports of asks at $79 per lb

** Brokerage believes momentum in U3O8 prices will bring more utilities to the market, further accelerating U3O8 prices

** So far this year, PDN down 1.1%, while BOE and DYL are up 84.7% and 45.1%, respectively

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))

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