One of the major investing themes of the past decade has been uranium, and Rick Rule knows a thing or two about the resource’s investment potential. The former chairman and CEO of Sprott Global Resource Investments spoke to an audience at the recent New Orleans Investment Conference about the current state of the uranium market and how investors can position themselves for the future. The nuclear fuel has come a long way since the Fukushima disaster resulting in the closure of the majority of Japan’s nuclear reactors in 2011. Although sentiment surrounding the resource has cooled in recent years, Rule believes there are still opportunities to be had for those that understand the historical trends of uranium investment. Since the beginning of 2020, uranium’s spot price has been on a steady rise. Rule explains that the uranium market follows a cycle of seven to 12 years, which is “amplified” by the market’s consolidation. He noted that typically energy sources go through cycles as well, so understanding the uranium market’s cyclical nature is key to properly positioning. Beyond the rise and fall of uranium’s price pattern, Rule urged investors to focus more on the ESG space, such as corporate consolidation, environmental impact, and international demand, among others. With the trend of ESG-focused investments continuing to gain momentum, maintaining a well-informed and diversified portfolio of uranium stocks can be a lucrative endeavor. Although there are some underlying risks present in the uranium market, Rule noted that there have also been “easy money” opportunities there in the past. For those investors looking to capitalize on the uranium market’s potential, Rule gave some advice: maintain a “watch-and-wait” approach, continue to educate yourself on the macroeconomic drivers of the market, and use fundamental analysis to pick out companies with long-term growth potential. Overall, Rick Rule believes that there are indeed still opportunities available in the uranium market, even though the resource’s investment potential has cooled since 2011. Although the resource can at times be volatile, the advantages of diversification, knowledge-based approach, and a steady eye on the macroeconomic drivers, should provide any investor enough ammunition to capitalize on the uranium market’s potential returns in the long term.