🟢 Uranium ETF (URNM.AX) is trading 4.94% up, amid stronger contract-price indicators and sector momentum

URNM.AX is trading at A$8.50, up 4.94%, amid uranium-equity momentum and stronger contract-price indicators.

• Yellow Cake reported September-quarter spot uranium at US$89.50/lb and a long-term price of US$96/lb. These figures support the sector backdrop but do not establish a specific same-day price catalyst.
• Major U.S. indexes were mixed, so broad-market strength does not appear to explain the move.