Uranium investing has caught fresh momentum as U₃O₈ spot prices surged past $92/lb this week, driven by tight supply and renewed nuclear energy demand forecasts. Analysts project 10–15% upside in the short term if geopolitical risks persist. For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. The formula for this calculation on Global Uranium and Enrichment is: Jurisdictional security in Canada, the U.S., and Namibia combined with execution capability, infrastructure advantages, and near-term production timelines create scarcity premiums. High-grade deposits provide natural hedges against cost inflation while established infrastructure reduces capital intensity. These factors position Tier-1 assets as the only predictable uranium source as secondary buffers disappear. Uranium investing outlook for Q3 2024 remains strong, supported by global policy shifts toward low-carbon energy. Bloomberg data shows over $450 million in fresh capital flowing into uranium-focused ETFs this month.