This episode of Uranium Spotlight, hosted by Chris Prostad, covers several key developments in the uranium market as of September 30th, 2025. The long-term uranium contract price increased by $2 to $82 a pound, matching the spot price, indicating sustained upward pressure across the fuel cycle with forward prices also rising. Sprott Physical Uranium Trust expanded its holdings to over 70 million pounds, purchasing 1.4 million pounds in two weeks, which has tightened the market and supported uranium equities. Geopolitical events are also impacting supply, as a court ruling froze Niger's uranium exports from Orano's Somair mine due to a dispute with the ruling junta. Additionally, Russia signed new deals to build nuclear reactors in countries like Iran, Uzbekistan, and Ethiopia, with potential financing from the BRICS New Development Bank, reinforcing global reactor growth and demand for uranium.
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