Nimble, employee-owned boutique platform designed to identify and capitalize on niche investment opportunities
Launched in 2018, the strategy focuses on a concentrated portfolio of uranium-related investments across producers, developers, explorers, and physical uranium exposure
Backed by deep sector expertise, Azarias has built a differentiated institutional strategy designed to capitalize on the large supply shortage of uranium relative to demand
The 10+ year bear market in uranium caused dramatic production curtailments and a lack of investment in new projects
Demand for nuclear energy continues to grow globally, supported by reactor restarts, new plant construction, and long-term energy security initiatives
We believe the highly visible supply deficit will likely last for another 4-5 years, supporting a very strong uranium price environment
Please contact Christina Blanco, Managing Director, Investor Relations for more information.
Uranium Update — April 2026
April 2, 2026
Urenco continued to successfully increase uranium enrichment capacity at its U.S. facility in New Mexico.
Urenco — “Urenco USA Reaches Half-Way Point of U.S. New Capacity”
April 3, 2026
The U.S. Nuclear Regulatory Commission approved 20-year life extensions for California reactors.
Nuclear Newswire — “NRC approves Diablo Canyon license renewal, extension”
April 9, 2026
The Czech Republic extended the operating life of the Dukovany nuclear power plant by 20 years.
News.AZ — “Czech extends major nuclear plant life by 20 years”
April 16, 2026
Japan's Tepco officially resumed commercial operations at the world's largest nuclear power plant.
World Nuclear News — “Kashiwazaki-Kariwa 6 resumes commercial operation”
April 20, 2026
Unit 1 of the Taipingling nuclear power project in China began commercial operations.
China Daily — “Hualong One nuclear power unit in GBA enters commercial operation”
April 23, 2026
TerraPower began construction on the first utility-scale advanced nuclear power plant in the U.S.
TerraPower — “TerraPower Commences Construction on America's First Utility-Scale Advanced Nuclear Power Plant”
April 23, 2026
U.S. Department of Energy announced an initiative to increase all aspects of the U.S. nuclear fuel supply chain.
U.S. DOE — “DOE's Defense Production Act Consortium Unveils Initiative to Increase Nuclear Fuel”
April 23, 2026
Ur-Energy began operations at its Shirley Basin mine in Wyoming.
Ur-Energy — “Ur-Energy Commences Operations at its Shirley Basin ISR Project in Wyoming”
April 27, 2026
Yellowcake released a quarterly update and reported the purchase of 1.4 million pounds of uranium in Q1.
Yellowcake Quarterly Operating Update
April 28, 2026
The U.S. Nuclear Regulatory Commission extended the lives of two Florida nuclear reactors by 20 years.
NextEra Energy — “NRC Authorizes FPL's St. Lucie Nuclear Plant to Operate for Another 20 Years”
April 29, 2026
Unit One of the San’ao nuclear power plant in China began commercial operation.
World Nuclear News — “First unit at San’ao enters commercial operation”
April 30, 2026
In the month of April, the Sprott Physical Uranium Trust purchased 1.1 million pounds of uranium. On April 30, 2026, the fund’s total holdings were 81.2 million pounds, an increase of 63 million pounds since mid-August 2021.
Sprott Physical Uranium Trust
April 30, 2026
The spot price of uranium increased from $84.25 per pound in March to $86.35 per pound in April. The long-term contract price for uranium was unchanged at $91.50 per pound in April.
Cameco — Uranium Price
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