![]() The company is one of the leading uranium producers in the U.S., running the only conventional uranium mill in Utah.Įnergy Fuels also has mines and exploration operations in Wyoming, Colorado, Texas, New Mexico, and Arizona. (NYSE: UUUU)Įnergy Fuels is an American energy provider based in Colorado. With such a significant market share, this is an excellent uranium stock to consider adding to your portfolio. In addition, the company has a significant market cap of $11.42 billion. This is essential for Cameco, which produces a significant percentage of the world’s uranium. There were concerns about uranium fading away, but projections anticipate that we’ll still be using nuclear power for the next decade or so. Share prices have been a bit topsy turvy of late but are still over 50% higher than last year at this time. This includes Cigar Lake, which is the highest-grade uranium mine in the world and is based in Saskatchewan.Ĭameco also has mines in Wyoming and Nebraska in the U.S., Australia, and Kazakhstan. ![]() The company has some of the most extensive uranium mining operations globally, with access to a probable 450 million pounds of the mineral in various locations. The author holds no licenses.It is based in Canada and trades on both the New York and Toronto stock exchanges. Always do additional research and consult a professional before purchasing a security. The author has no securities or affiliations related to this organization. Information for this briefing was found via the companies mentioned. “The Fund will leverage the combination of Kazatomprom’s expertise in the uranium market and NIC’s proven track record, with the AIFC offering investors direct exposure to the attractive opportunity presented by the long-term fundamentals of the uranium market and nuclear industry,” commented Kazatomprom CEO Mazhit Sharipov. As per Kazatomprom, the fund has reportedly been under development for approximately four years. The second round, once complete, will make the fund one of the largest physical uranium-focused funds globally, with it believed to be second only to the Sprott Physical Uranium Trust, and the first within emerging markets. Once operational, a second round of financing will be conducted via a public or private offering, under which capital of up to US$500 million is expected to be raised.Īll funds raised are expected to be utilized for physical uranium purchases, with ANU Energy set to be managed by its own board of directors. An equal 48.5% stake in the initial round will meanwhile be taken by National Investment Corporation of the National Bank of Kazakhstan. The fund will have an initial US$50 million in starting capital, 48.5% of which will be financed by Kazatomprom. The fund is to be operated by Genchi Global Limited. The arrangement will see the establishment of Anu Energy OEIC Ltd, which will hold physical uranium for investment purposes, similar to the Sprott Physical Uranium Trust (TSX: SPUT) in Canada. Yesterday, Kazatomprom (LSE: KAP), the largest producer of uranium globally, announced that it will be taking a 48.5% stake in a new physical uranium fund to be listed with the Astana International Financial Centre in Kazakhstan. ![]() It appears that we have reached a point in the uranium market where producers themselves are investing in physical uranium funds. ![]()
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