Geiger Counter is attracting attention as uranium prices strengthen, with the commodity trading above US$91 per pound in November and reaching its highest level since February 2026.
The latest movement in uranium prices reflects growing expectations for nuclear power, alongside continued concerns about the ability of global production to meet future demand. According to Trading Economics, uranium futures were above US$91 per pound on 10 November, supported by increasing interest in nuclear energy and developments across the supply market.
Kazatomprom, the world’s largest uranium producer, reported a 25% annual increase in sales turnover during the September quarter, supported by higher sales volumes and a 17% rise in average realised prices. The International Atomic Energy Agency has also revised upwards its outlook for global nuclear capacity over the next two decades.
There are currently 78 nuclear reactors under construction worldwide, as governments look to expand alternative sources of electricity generation. Demand is also being supported by growing power requirements from data centres and technology companies investing in nuclear energy.
This market backdrop is relevant to Geiger Counter, an investment company focused primarily on businesses involved in uranium exploration, development and production. Its investment objective is to provide shareholders with the potential for capital growth through exposure to the uranium sector, with up to 30% of its portfolio permitted to be invested in other resource areas.
The company’s September 2026 factsheet identified a number of factors supporting the longer-term uranium market, including energy security, nuclear power policy developments and rising electricity demand. It also pointed to supply constraints, with uranium production having remained below reactor consumption since 2018. The resulting shortfall has been supplemented by secondary sources, including inventories and enrichment underfeeding, which the company described as diminishing.
Geiger Counter’s portfolio includes exposure to established producers and development-stage companies. Its largest reported holdings at the end of September included NexGen Energy, Paladin Energy, Ur-Energy, Cameco and Denison Mines. These investments provide exposure to different stages of the uranium production cycle, from existing operations to projects being advanced towards development.
Geiger Counter Limited (LON:GCL) is a Jersey closed-end investment company, which invests in uranium exploration and production stocks.
