In yesterday’s article which took a look at profit opportunities in clean coal, nuclear and uranium miners I alluded to the fact that there really wasn’t a way make a diversified investment within the US Markets in the uranium space.  A reader’s comment reminded me of a portion of my research I forgot to include.  While there isn’t any way that I know of to play uranium through ETF’s there is one Canadian company that just buys up uranium and stores it, allowing you to play the spot price of uranium.  However, I don’t I’d be playing the spot price of uranium up at this level, which no doubt has moved higher on the Cameco mine flood news.  The price has about doubled in the past year and near $75/pound.  It’s an investment tool I’ll certainly be keeping an eye on though.  Anyway the company is Uranium Participation Corp (ticker U:TO)  I believe most brokers will allow you to make trades on the Toronto Exchange but you’ll most likely pay a hefty commission. 

“Uranium Participation Corp. will invest at least 85% of the gross proceeds of the over-allotment in U3O8. The objective of Uranium Participation Corp. is to provide an investment alternative for investors interested in holding U3O8, which will be physically stored in duly licensed facilities located in Canada, France, the United Kingdom and/or the United States. The strategy of Uranium Participation Corp. is to invest primarily in long-term holdings of U3O8 and not to actively speculate with regard to short-term changes in uranium prices.”

There are many Canadian, so called uranium plays out there that you reallly have to be careful of.  Take a look at this list of Candadian uranium miners.  Reminds me of the tech boom when any company that put .com in their name got big attention from speculators.  Be careful, I imagaine that there is little possibility some of these miners are going to be extracting significant amounts of uranium any time soon.