Sprott Junior Uranium Miners UCITS ETF (URNJ) aims to offer “pure-play” exposure to smaller uranium miners, which are set to benefit from the growth of uranium.
URNJ will list on the London Stock Exchange, Xetra and Borsa Italiana in February 2024 and track the Nasdaq Sprott Junior Uranium Miners index.
The US-listed version of the ETF launched in February 2023 and holds $344m in assets under management.
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HANetf argued the development of nuclear power is likely to create a demand and supply imbalance for uranium, potentially benefitting new and development-stage uranium miners.
The firms first collaborated to launch the Sprott Uranium Miners UCITS ETF (URNM) in May 2022, the European version of which now has $300m AUM.
URNJ will be the fourth joint launch from the firms, following URNM, Sprott Energy Transition Materials UCITS ETF (SETM) and Sprott Copper Miners ESG Screened UCITS ETF (CPPR).
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Hector McNeil, co-founder and co-CEO of HANetf, said there has been an increase in uranium prices, leading to a bull market as recognition for the “indispensable” role of nuclear power in the energy transition grows.
“Investor interest has steadily risen, as shown by the extraordinary growth of URNM,” he added.
“But missing from Europe until now has been a small and mid-cap uranium miners focused ETF. We have seen a flood of enquiries from investors asking if we are bringing a junior uranium mining ETF to the European market.
“We are very proud to be launching Europe’s first junior uranium mining UCITS ETF and even more proud to be doing so in partnership with Sprott Asset Management, who are real leaders in the uranium investment space.”
