Australian uranium miners climb as Citi expects uranium prices to accelerate

Shares of Australian uranium miners Paladin Energy PDN.AX, Boss Energy BOE.AX and Deep Yellow DYL.AX rise and are among top gainers in the benchmark ASX200 index .AXJO

Citi highlights Sprott SII.TO on behalf of the Sprott Physical Uranium Trust (SPUT), reporting an upsized financing deal of $200 million

Says spot triuranium octoxide (U3O8) prices currently are at $76 per pound (lb), with reports of asks at $79 per lb

Brokerage believes momentum in U3O8 prices will bring more utilities to the market, further accelerating U3O8 prices

So far this year, PDN down 1.1%, while BOE and DYL are up 84.7% and 45.1%, respectively