The Role of Policy and Geopolitics in Shaping the Uranium Landscape

In this episode, we chat with Rob Crayfourd and Keith Watson, Co-Fund Managers for CQS Natural Resources Growth and Income, the Geiger Counter Funds and Golden Prospect Precious Metals, where all funds provide shareholders with exposure to a broad portfolio of mining and resource-focused equities, aiming to deliver both steady dividend income and capital growth. We are discussing their Geiger Counter fund, which focuses on the uranium market and the investment case behind it. We discuss the fund and mandate, where they’re currently seeing opportunities across the sector, and what’s been driving the recent momentum in the uranium price. We also explore whether that momentum is sustainable, the fundamentals supporting uranium long-term, and how a potential supply deficit could shape global nuclear ambitions. Finally, we look at policy and regulatory shifts, and the thinking behind some of their key portfolio holdings. KEY TAKEAWAYS The uranium market is currently experiencing a supply deficit, driven by low inventory levels and increasing demand from nuclear reactors The funds focus on undervalued uranium assets, particularly in North America, with a significant emphasis on companies like NextGen and Denison There is a strong belief that the momentum in the uranium market will continue, driven by structural demand growth and the need for new uranium mines to come online Recent policy shifts in the U.S. and other Western countries are increasingly supportive of nuclear energy, which is seen as a critical component of energy security BEST MOMENTS "Nuclear power is now very strategic in that there is a clear shortage of base-load capacity in most regions around the world." "We want to be in those names that have full participation into a rising price environment... if the uranium price goes to 150, 200, 250, then they get full participation in that." "In western markets, the established nuclear markets, nuclear represents something like 20% of electricity capacity... that makes it all the more strategic." "We're seeing reactor lives being extended. There's a real shift to a much more positive political support backdrop for nuclear." GUEST RESOURCES Geiger Counter: https://www.linkedin.com/company/geiger-counter/ https://ncim.co.uk/geiger-counter-ltd/ CQS Natural Resources Growth and Income Plc https://www.linkedin.com/company/cqs-natural-resources-growth-and-income-plc/ https://ncim.co.uk/cqs-natural-resources-growth-and-income-plc/ Golden Prospect: https://www.linkedin.com/company/golden-prospect-precious-metals-investment-fund/ https://ncim.co.uk/golden-prospect-precious-metals-ltd/ VALUABLE RESOURCES Mail:        ⁠[email protected]⁠ LinkedIn: ⁠https://www.linkedin.com/in/rob-tyson-3a26a68/⁠ X:              ⁠https://twitter.com/MiningRobTyson⁠  YouTube: ⁠https://www.youtube.com/c/DigDeepTheMiningPodcast⁠  Web:        ⁠http://www.mining-international.org⁠ CONTACT METHOD ⁠[email protected]⁠ ⁠https://www.linkedin.com/in/rob-tyson-3a26a68/⁠ Podcast Description Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.  This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk/