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Kazakhstan-based physical uranium fund begins operations : Uranium & Fuel world-nuclear-news.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from world-nuclear-news.org Daily Mail and Mail on Sunday newspapers.
Kazakh national nuclear company Kazatomprom has signed a framework agreement with Genchi Global to invest in the newly established ANU Energy OEIC Limited physical uranium fund, meaning the fund can begin operations. Meanwhile, Kazatomprom has exercised an option to buy back uranium previously sold to Yellow Cake plc. ....
Kazatomprom has announced it is to participate in a physical uranium fund, ANU Energy OEIC Limited, established on the Astana International Financial Centre. The fund will hold physical uranium as a long-term investment, with its initial USD50 million of purchases financed by its founders and plans to raise USD500 million for additional uranium purchases in a second development stage. ....