🟢 URNM is trading 4.25% up in pre-market as U3O8 spot prices hit a six-month high

URNM is trading 4.25% up now at $63.73 after U3O8 spot prices reached a six-month high near $89.50 per pound.

• Utility buying and a reported six-to-12-month delay at Kazatomprom’s new sulfuric-acid plant heightened future-supply concerns; broader uranium-sector strength appears primary, not a URNM-specific announcement.
• Term price remains above spot, reinforcing deficit concerns.
• ETF gained 4.10% to close at $61.13 on August 25 after rising 7.66% on August 21; no trading-volume data or company-specific catalyst identified.