The uranium price is going gangbusters, and the spot price has punched through $50/lb for first time in nine years. The spark for this price rise is the Sprott Physical Uranium Trust, which used a US$300 million at-the-market equity raise to buy up 28.3 million pounds of uranium in recent weeks. That’s more than the amount of nuclear fuel required to power France for a year. And it’s aiming to ramp its buying spree up even further, revealing plans to increase its at-the-market offer limit by US$1 billion to US$1.3 billion. {tweet} Lotus Resources (ASX:LOT) managing director Keith Bowes agrees with the general ... (full story)