On August 26, Global X Uranium ETF rose 5.03% in regular trading, trading at $47.98/share, with turnover of $96.74 million.

On the news front, the nuclear energy industry recently received multiple catalysts. NuScale Power announced the deployment of nuclear-specific AI tools for engineering design and knowledge management. The U.S. Department of Transportation signed an agreement to explore maritime nuclear energy technology, covering small modular reactors and ship propulsion systems. Additionally, IsoEnergy and DISA Technologies closed a deal to form DISA Uranium, with IsoEnergy contributing its portfolio of permitted, past-producing conventional uranium mines in Utah and becoming the largest shareholder with a 33% stake. DISA Uranium plans to deploy HPSA technology to recover uranium from abandoned mine waste, bringing conventional U.S. uranium production back online.

Against the backdrop of a global nuclear power renaissance, uranium supply-demand imbalance continues to intensify, with decade-long inventory cycles bottoming out and power utilities accelerating long-term procurement, reinforcing bullish expectations for uranium prices.

The fund invests at least 80% of its total assets in securities of the underlying index designed to measure equity performance of global companies involved in the uranium industry.

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